PKN ORLEN Supervisory Board completed composition of the management board
During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
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During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
The ORLEN Group delivered LIFO-based EBITDA of PLN 14.8 billion in the third quarter of 2026, with revenue of PLN 80.1 billion and net profit of PLN 5.6 billion. Its stable financial position enabled ORLEN to invest PLN 7.8 billion during the quarter in growth projects that bolster energy security in Poland and the wider region.
ORLEN has completed a nearly PLN 600 million expansion of the Wierzchowice Underground Gas Storage Facility. The project has increased the capacity of Poland’s largest gas storage site from 1.3 billion to 2.1 billion cubic metres, raising the country’s total gas storage capacity by a quarter to approximately 4.1 billion cubic metres. The investment strengthens the resilience of Poland’s gas system and its ability to respond to changing market and geopolitical conditions.
ORLEN Upstream Norway, together with Equinor, the operator of the license, DNO and Wellesley Petroleum, has completed appraisal drilling on the Afrodite discovery in the North Sea. The data acquired during the campaign show that recoverable resources are more than twice the original estimate. As a result, ORLEN’s net share of recoverable gas resources now exceeds 4 billion cubic meters.