ORLEN contracted crude oil supplies to Płock from Tatneft Europe AG

PKN ORLEN has signed long-term contract for crude oil supplies for Production Plant in Płock. The contract provides for the supply from 3,6m up to 7,2m tonnes of crude oil and value of the contract is estimated at up to approximately PLN 7,4 bn.

ORLEN expands German market position

ORLEN Deutschland, a German subsidiary of PKN ORLEN, has signed a contract with Germania Petrol, an independent service station network operator, which will see it acquire 13 SUN stations in Berlin.

ORLEN acquires new production assets in Poland

Polski Koncern Naftowy ORLEN through its 100% subsidiary, ORLEN Upstream, has entered into an agreement to acquire all outstanding shares of FX Energy, listed on the New York stock exchange NASDAQ. The agreed $1.15 (PLN 4,27) per ordinary share and $25 (PLN 92,87) per preference share, equates to approximately $83 million (ca. PLN 308 million) in equity value. The acquisition will add 8,4 mmboe of 2P reserves.

ORLEN acquires another upstream company in Canada

PKN ORLEN, through its subsidiary ORLEN Upstream Canada, entered into an agreement whereby the process of acquisition of 100% of shares in Kicking Horse Energy commenced. The equity purchase price is approximately CAD 293 million (ca. PLN 842 million), which represents CAD 4.75 (PLN 13,65) per share. The transaction will be finalised upon the fulfilment of all the terms and conditions of the agreement. The planned date for the transaction closing in 4Q, 2015.

ORLEN acquires DEA’s concessions in Poland

ORLEN Upstream continues expansion of its exploration and production portfolio. As a result of the signed agreements, ORLEN acquires 100% of shares in two concessions in the regions of Lesser Poland and Subcarpathia from DEA Deutsche Erdoel AG.

The biggest petrochemical investment of Orlen Group in Czech

​Unipetrol, a subsidiary of PKN ORLEN, and Italy’s Technip today signed a contract for the construction of a new polyethylene unit (PE3) at the Litvinov plant. The ORLEN Group’s largest investment on...

ORLEN to build Poland’s largest gas-fired CHP plant

PKN ORLEN has launched the construction of a CCGT unit at the Płock production plant. The new heat and power generation unit, with a capacity close to 600 MWe, is to be brought on stream in late 2017 or early 2018. The project’s budget is planned at PLN 1.65bn. The foundation act was signed by Piotr Chełmiński, member of the PKN ORLEN Management Board responsible for Business Development and Power and Heat Generation, and Peter Baudrexl, President of the Management Board of Siemens Sp. z o.o.

PKN ORLEN and PGNiG are launching a joint E&P project in the Podkarpacie region

ORLEN Upstream has entered into a Joint Operating Agreement with Polskie Górnictwo Naftowe i Gazownictwo S.A. company (PGNiG). The companies aim to jointly conduct analytic and research works in eight concession blocks in Podkarpackie Voivodeship.

ORLEN opens up to e-fuelling

Electric car quick recharging points will appear at the ‘star’ service stations in Germany, with similar facilities also to be installed at the ORLEN Group’s stations in Poland and the Czech Republic later this year. This has been made possible thanks to PKN ORLEN’s collaboration with Tesla, a US-based manufacturer of electric cars and a leader in quick charging technologies.