The ORLEN Group carries out successful negotiations in the Czech Republic

Unipetrol, PKN ORLEN’s subsidiary, has reached an agreement with Czech pipeline operator Mero on new charges for pipeline transmission of crude oil. The contract has an estimated annual value of over one billion crowns and is effective as of April 1st 2016. The new tariffs ensure more favourable and flexible terms for Unipetrol.

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Ethics and business standards criteria for selecting ORLEN suppliers

PKN ORLEN aim is to support Suppliers in implementing and maintaining best market practices based on the awareness of responsible business and sustainable development. ORLEN has formulated a Supplier Code of Conduct that since April this year will be mandatory criteria for qualification of contractors. The Code presents principles for cooperation with suppliers based on ethical standards, applicable law and the highest business standards in respecting the environment.

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ORLEN again among the world’s most ethical companies

For the third year running, 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. The title has...

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ORLEN - logistics 2.0

Digital, automatic access path to fuel loading and wagons under special supervision - in an effort to further streamline logistics processes, PKN ORLEN has launched a pilot CCTV scheme and adopted RFID (Radio Frequency IDentification) technology to track rail wagons. The new solutions have already improved logistic efficiency and security.

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PKN ORLEN’s crowdsourcing project enters the final stage

PKN ORLEN has selected six solutions best designed to improve the refinery’s energy efficiency. The select group of finalists includes contestants from Poland, Great Britain, France, Germany, United States, and India.

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Changes in the Management Board of PKN ORLEN

The Supervisory Board of PKN ORLEN has appointed Mr Mirosław Kochalski to the position of the Vice-President of the Management Board and Mr Zbigniew Leszczyński to the position of Member of the Management Board of PKN ORLEN. Simultaneously, Mr Marek Podstawa, Member of the Management Board responsible for Sales was recalled from his position.

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Changes in the Supervisory Board of PKN ORLEN

The Extraordinary General Meeting of PKN ORLEN changed the composition of the Company’s Supervisory Board today. Five Members were removed from the Supervisory Board at the request of the State Treasury Ministry. In their place, the General Meeting appointed five new Members, including four Members recommended by the Ministry and one recommended by a shareholder – Nationale-Nederlanden OFE. The General Meeting resolved that the Supervisory Board would be composed of nine members.

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Consolidated financial results of PKN ORLEN 4Q2015

PKN ORLEN DELIVERS RECORD-HIGH RESULTS In 2015, PKN ORLEN’s LIFO-based EBITDA reached a record high of PLN 8.7bn. Sales volumes rose year-on-year, to 38.7m tonnes, with almost 31m tonnes of crude processed. In 2015, PKN ORLEN consistently pursued its growth strategy and paid out a dividend of PLN 1.65 per share.

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ORLEN Group increases its share in Czech retail market

Unipetrol, a subsidiary of PKN ORLEN, will acquire 68 service stations which are now part of OMV’s assets in the Czech Republic. The new acquisitions will operate under the Benzina brand. Conditions for closing the transaction include clearance from the Czech anti-trust authority.

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