ORLEN expanding its retail presence in Europe

The ORLEN Group has taken over and is beginning to rebrand 79 fuel stations in Hungary, currently branded as Lukoil. In addition, the Group will purchase 103 more fuel stations located in Slovakia and Hungary by mid-2024. ORLEN’s entry into the Hungarian market and purchase of more stations in Slovakia follow the merger of PKN ORLEN with its smaller peer LOTOS. According to its strategic vision, by 2030 the ORLEN Group’s retail network is to comprise 3,500 ORLEN-branded stations in at least six markets of Central and Eastern Europe, with the share of foreign locations in its entire network up from the current 37% to 45%.

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PKN ORLEN completes three transactions in Poland with Aramco

PKN ORLEN has finalised three transactions with Aramco involving refining, wholesale and plane fuel businesses, following PKN ORLEN’s merger with Grupa LOTOS. The European investments support expansion of Aramco’s global downstream presence. Moreover, the joint development agreement of PKN ORLEN, Aramco and SABIC for the potential Gdansk project was signed. Aramco is to supply almost 45% of PKN ORLEN’s crude oil requirement under the agreement.

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ORLEN Group’s Q3 results boosted by first effects of merger with LOTOS Group

In the third quarter of 2022, the ORLEN Group posted LIFO-based EBITDA of PLN 11.7bn, including PLN 3.1bn attributable to one-off items. Adjusted LIFO-based EBITDA came in at PLN 8.6bn, down by PLN (-) 2.1bn, or (-) 20%, compared with the second quarter of 2022.

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ORLEN to get parcels to customers faster with new sorting facility

PKN ORLEN has launched a modern parcel sorting facility in the Stryków area near Łódź. The facility is the Company’s largest warehouse expansion project delivered to date for ORLEN Paczka. With the sorting facility now in operation, ORLEN Paczka has increased its throughput to 45m parcels per year.

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PKN ORLEN deploying EV charging network in Europe

PKN ORLEN is expanding its service station network with a view to increasing the availability of alternative fuels in Europe. By 2026, it will have launched 434 electric vehicle charging stations in Germany. The ORLEN Group already operates 470 such facilities across Poland, and provides EV charging infrastructure at 63 locations in Germany and the Czech Republic.

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PKN ORLEN with highest ever long-term rating from Fitch

PKN ORLEN is consistently strengthening its financial position and credibility for investors. Its credit standing has now been confirmed by Fitch Ratings, which upgraded PKN ORLEN’s Long-Term Issuer Default Rating (IDR) by two notches, to ‘BBB+’, outlook stable. The upgrade follows successful closing of the merger between PKN ORLEN and PGNiG, the Polish state-owned gas utility company, as well as its earlier track record of M&A transactions. PKN ORLEN’s attractive credit profile for the financial market is also demonstrated by its highest ever rating of ‘A3’ assigned by Moody's Investors Service in October this year.

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Modern, strong ORLEN means stable fuel, gas and electricity prices

The ORLEN Group has finalised its merger with PGNiG, thus establishing Central Europe’s largest energy group ranking among top 150 companies in the world by revenue and serving more than 100 million customers. By combining its operations with PGNiG, the ORLEN Group has created the potential to make multibillion-dollar investments that strengthen the energy security and independence of all of Central Europe, and is therefore able to effectively deliver the energy transition in the markets where it is present.

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ORLEN Group with new renewable capacity

The ORLEN Group has completed a project to construct one of Poland’s largest solar PV farms, located near Wielbark (Province of Olsztyn). The 62 MW solar farm will operate at full capacity starting from the first quarter of 2023, generating clean energy for more than 30 thousand households.

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Ten new service stations opened by ORLEN in Slovakia

The ORLEN Group has opened ten new service stations in Slovakia and – with a chain now comprising 36 locations – has joined the five largest fuel retailers operating in that market. The new self-service stations are located in Bratislava, Košice, as well as other cities. Once its chain expansion plans get completed, the Group will have more than 90 stations, ranking among Slovakia’s top three fuel retailers.

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