“We are building a new security architecture for Europe,” says Poland’s energy minister.
“We are building a new security architecture for Europe,” says Poland’s energy minister.
Retailers caught selling above the cap face fines of up to 1 million zloty.
We are an independent, nonprofit media outlet, funded through the support of our readers.
If you appreciate the work we do, please consider helping us to continue and expand it.
The homes of Orlen’s senior management staff have also been searched in two different cases.
The firm says it has notified prosecutors regarding the actions of the former management in relation to the case.
The sale, which gave the Saudis partial control over one of Poland’s two oil refineries, “resulted in significant security risks”.
Daniel Obajtek oversaw a rapid expansion of Orlen but was accused of using the firm to help the former PiS government.
PiS accused the opposition of deliberately trying to bring down the value of the state-owned firm.
The Polish firm is reportedly planning to transport Venezuelan oil to China following the lifting of sanctions on Caracas.
The $445 million transaction will boost Orlen’s gas output in Norway by one-third.
It is the only firm in the Central and Eastern Europe region between Germany and Russia to make it into the top 50.
Orlen assures that prices will remain stable at petrol stations, but analysts expect hikes.
Baltic Power – a joint venture between Poland’s Orlen and Canada’s Northland Power – will supply around 3% of Poland’s electricity needs.
“We are putting an end to the Russian [gas] flows in the Polish gas transit system!” declared Orlen’s CEO, Daniel Obajtek.
Orlen bought Polska Press, which publishes hundreds of newspapers and websites, in 2021.