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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Polish state energy firm Orlen overseeing Czech Republic’s highest Russian oil imports since 2012
Orlen notes that the landlocked Czech Republic can only be supplied via pipelines, meaning there is no alternative to Russian oil.
Polish state energy giant to invest $1bn in carbon storage
The investment will bring the company closer to its goal of reducing its carbon footprint by 25% by 2030.
Article on criticism of Polish government disappears from newspaper owned by state energy firm
No official reason has been given but an inside source said the newspaper was pressured by the ruling party to remove the article.
Polish state energy firm Orlen enters Austria with purchase of 266 petrol stations
“This is a great day for the Polish economy,” said Orlen’s CEO, Daniek Obajtek.
Poland’s Orlen to buy 6 million tonnes of crude oil from BP, covering 15% of annual demand
“The contract with BP could be potentially a starting point for further cooperation in the energy transition,” says Orlen’s CEO.
“Container town” opens in Poland to house thousands of Asian workers building chemical plant
The opposition has accused the government of hypocrisy over migration.
Polish state energy giant Orlen explains increased Russian oil imports
“Infrastructural constraints make it impossible to fully cover Czech demand for oil from directions other than Russia,” says Orlen.
Polish energy giant Orlen eyes acquisition of troubled fertilizer plant from Azoty
Orlen has been taking over state competitors at a rapid pace in recent years in a bid to become a global player.
Majority of Poles support construction of small nuclear reactors
But support falls to 45% when Poles are asked if they would want a small nuclear reactor in their local area.
Poland urges Czechs to change tax law to ease investment in diversifying from Russian oil
“We cannot invest where regulations outright stifle investment processes,” said the CEO of Polish state energy giant Orlen in Prague.
Fuel consumption reached record high in Poland in 2022
The war in neighbouring Ukraine is believed to have been a major factor in increased fuel demand in Poland.
US, Canadian and Polish firms sign contracts for developing nuclear reactors
The nuclear small modular reactors (SMRs) being developed by the group will be deployed in Poland by state energy firm Orlen.
