Launch of PKN ORLEN’s Investing Academy

​PKN ORLEN has just launched its Investing Academy project. Anyone who wants to broaden their knowledge about the capital market and safe investing on the stock exchange is welcome to join. Participants of the Investing Academy can be awarded a prestigious certificate with the CFA Society Poland name and logo. The project is run as part of ‘ORLEN in Your Portfolio’ – the first long-term programme in Poland dedicated to individual investors. So far, more than a thousand people have decided to enrol.

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ORLEN strengthens ties with Saudi Aramco

​PKN ORLEN can import up to 800,000 tonnes of Saudi crude oil over six months under a contract signed with Saudi Aramco Products Trading Company, a subsidiary of the Saudi oil producer. The contract is an important step that guarantees stability of supply to ORLEN’s refineries in Europe. Under a separate commercial contract, the supplier from Saudi Arabia has committed to purchase heavy fuel oil from ORLEN Lietuva. With that latter contract in place, PKN ORLEN, acting through its Lithuanian-based subsidiary, is strenghtening its strategic relationship with Saudi Aramco also in the area of heavy fuel oil trade.

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Solid results posted by PKN ORLEN for 2018, in line with market expectations

​In 2018, PKN ORLEN booked PLN 110bn in revenue, up 15% over the year before, on record crude throughput and sales volumes. LIFO-based EBITDA came in at PLN 8.3bn. In retail, LIFO-based earnings...

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ORLEN Group strategy update for 2019-2022

​Advancement and step-up of petrochemical production. Further integration of refinery assets. Commitment to low-carbon energy generation. Consistent retail business expansion. Sustainable development...

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PKN ORLEN’s Q3 2018 Consolidated Financial Results

​RETAIL BUSINESS DELIVERS BEST-ON-RECORD PERFORMANCE WHILE MARKET SHARES OF ORLEN RETAIL CHAIN EXPAND ACROSS EUROPE. PKN ORLEN generated LIFO-based EBITDA of PLN 2.4bn in Q3 2018 despite a weaker (yoy)...

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PKN ORLEN’s exploration success in Rzeszów province

​ORLEN Upstream, a company owned by PKN ORLEN, responsible for its hydrocarbon exploration and production strategy, has made another gas discovery in the Rzeszów province. The gas was encountered by the Bystrowice-OU1 wellbore, thanks to the latest technologies in seismic imaging and interpretation of geophysical and geological data.

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ANWIL - Investments plans

​In line with its strategy, PKN ORLEN plans investments of around PLN 1bn to expand the production capacity of the fertiliser unit at its Włocławek-based subsidiary ANWIL. The Company is also considering strengthening the capital of its strategic petrochemical assets by increasing the production capacity of the PVC unit.

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Stable post-incident operation of PKN ORLEN's Production Plant in Płock

​Situation is back under control after yesterday’s leakage from the steam network pipeline at PKN ORLEN’s Production Plant in Płock. Work is now under way to safely restart some of the plant units, expected to end later this week.

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Downtime of CCGT unit in Włocławek prolonged at contractor’s request

​As notified by the consortium of General Electric and SNC-LAVALIN POLSKA, the contractor for the CCGT project in Włocławek, which is currently looking into causes of the unit’s stoppage, its downtime must be prolonged.

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