Billions have already been spent on the planned plant but Orlen says halting the project now will save the firm from likely losses.
orlen
Profits plunge 96% at Polish state energy giant Orlen, prompting opposition criticism
The firm rejected such criticism, arguing it “has posted robust operating performance” in a difficult macroeconomic environment.
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Orlen secures €800m EIB loan to modernise Poland’s electricity network as part of green transition
The financing will be used to expand renewable energy connections and introduce smart grid technology.
State energy firm Orlen accuses former management of criminal offences causing €1.2 billion losses
Orlen is Poland’s largest company, and also one of the biggest in Europe.
State firms terminate cooperation with Polish Olympic Committee
The Olympic committee has faced accusations of misspending funds and failing to properly support athletes.
Polish chemicals group Azoty notifies prosecutor over contract with PiS-era foundation
Grupa Azoty says its inability to withdraw funding for the Polish National Foundation caused “damage of great magnitude to the company”.
Fact-check: is “hypocritical” Poland still buying Russian oil as Orbán claims?
Wojciech Jakóbik
He claimed Poland criticises Hungary for its ties with Russia while at the same time indirectly buying Russian oil.
Polish public prosecutor launches investigation into Orlen’s Swiss trading company
The homes of Orlen’s senior management staff have also been searched in two different cases.
Polish state energy giant Orlen reveals details of $400m lost on undelivered Venezuelan oil
The firm says it has notified prosecutors regarding the actions of the former management in relation to the case.
State energy giant Orlen sold assets to Saudis for billions below value, finds Polish audit office
The sale, which gave the Saudis partial control over one of Poland’s two oil refineries, “resulted in significant security risks”.
CEO of Polish state energy giant Orlen dismissed
Daniel Obajtek oversaw a rapid expansion of Orlen but was accused of using the firm to help the former PiS government.
Orlen loses 6 billion in market value on incoming government’s levy plans
PiS accused the opposition of deliberately trying to bring down the value of the state-owned firm.
Poland’s Orlen charters supertanker to transport Venezuelan oil
The Polish firm is reportedly planning to transport Venezuelan oil to China following the lifting of sanctions on Caracas.
Poland’s Orlen to buy gas producer KUFPEC Norway in $445 million deal
The $445 million transaction will boost Orlen’s gas output in Norway by one-third.
