3rd ShaleScience Conference: on the Quality of Polish Shales

The main theme of the Third International ShaleScienceConference were the methods of completing shale deposits of natural gas in the Polish geological environment. For the first time, the discussions and conclusions were based on the so-far unpublished results of exploration work.

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Third ShaleScience conference - how to bring polish shale to life

On June 9th−10th, the third edition of the international ShaleScience conference will be held in Warsaw, bringing together scientists and experts from Poland and around the world to discuss shale gas recovery techniques that could prove the most effective in the Polish geological setting. The speakers will draw on the first available results of the prospecting operations carried out in 2009−2014, and will undertake a comparative analysis of Polish and American reservoir properties.

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PKN ORLEN’s Q1 2014 Consolidated Financial Results

RETAIL AND PETROCHEMICAL SALES RISE Despite the challenging market conditions in Q1 2014, with a low refining margin and shrinking Brent/Ural differential, PKN ORLEN's operating metrics remained close to those from Q1 2013. The ORLEN Group's retail sales came in at a record high, and the petrochemical segment made a significant contribution to PKN ORLEN's performance in the downstream. For the first time in its history, the Company produced hydrocarbons from its own deposits, at 330 thousand boe during the first quarter of the year.

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Lithuanian Prime Minister visits the Maźeikiai refinery

Lithuanian Prime Minister Algirdas Butkevičius met with the ORLEN Lietuva Management Board at the Mazeikiai refinery to discuss the company’s deteriorating financial performance. During the meeting, Ireneusz Fąfara, CEO of ORLEN Lietuva, presented to Lithuanian Prime Minister concrete solutions which, if urgently implemented, could help improve the financial condition of the Mazeikiai refinery.

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Final round of ORLEN retail bond programme

PKN ORLEN is launching its sixth and last issue of debt securities, addressed to retail investors and worth PLN 100m, thus finalising its PLN 1bn retail bond programme. The Series F bonds are issued on different terms than the previous series – they offer a higher, fixed rate of return and have longer maturity.

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Fifth series of PKN ORLEN retail bonds already on sale

PKN ORLEN has launched the fifth issue of its debt securities, addressed to retail investors and worth PLN 200m. The decision to issue Series E bonds was made based on market research, investor activity on the Catalyst market, and the huge interest generated by the first four series of PKN ORLEN bonds.

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Increase in supply of crude oil to the Czech Republic

PKN ORLEN has signed an annex to a long-term contract for the supply of crude oil to the Czech Republic. The transaction is connected with Unipetrol's purchase of 16.335% of the shares in Česká Rafinérská from Shell, which was effected last year.

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PKN ORLEN first CEE winner of the Ethisphere Institute Award for the World’s Most Ethical Company in 2014

PKN ORLEN has been awarded the prestigious title of The World’s Most Ethical Company by an international panel of experts at the US Ethisphere Institute. PKN ORLEN is the only company recognised with...

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PKN ORLEN Management Board reappointed for another term of office

The PKN ORLEN Supervisory Board has reappointed Jacek Krawiec, the Company’s CEO since 2008, as President of the Management Board. The new three-year term of office will begin on the day following the Annual General Meeting which approves the financial statements for 2013.

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