The government hopes the cuts will lead to a 1.2 zloty/litre drop in price.
orlen
Polish state energy giant Orlen overtakes Russia’s Gazprom in market value for first time
Before Russia invaded Ukraine, Gazprom’s market value exceeded €100bn while Orlen’s was under €7bn.
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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.
Poland’s Orlen ranked among Europe’s 50 largest companies in new Fortune list
It is the only firm in the Central and Eastern Europe region between Germany and Russia to make it into the top 50.
Polish state oil giant Orlen’s wholesale fuel prices begin to rise after pre-election drop
Orlen assures that prices will remain stable at petrol stations, but analysts expect hikes.
Construction of Poland’s first offshore wind farm set to begin
Baltic Power – a joint venture between Poland’s Orlen and Canada’s Northland Power – will supply around 3% of Poland’s electricity needs.
Poland’s Orlen to take over Gazprom’s stake in Polish section of Yamal gas pipeline
“We are putting an end to the Russian [gas] flows in the Polish gas transit system!” declared Orlen’s CEO, Daniel Obajtek.
Media owned by Polish state oil firm reject opposition adverts over “left-wing values”
Orlen bought Polska Press, which publishes hundreds of newspapers and websites, in 2021.
State oil giant Orlen calls on Poles not to hoard fuel amid pre-election price drop
The firm denies claims it has artificially lowered prices to help the government’s re-election bid.
Czech “petrol tourists” tank up in Poland as fuel prices fall ahead of elections
Analysts believe state energy giant Orlen has been lowering prices at petrol stations to help the ruling party win re-election.
