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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Danish firm to build wind turbine plant on Poland’s Baltic coast
Turbines from the plant will supply Poland’s first offshore wind farm in the Baltic Sea.
EU approves Orlen’s takeover of fellow Polish state energy firm Lotos
Orlen and the Polish government want to turn the new merged energy group into a “global multienergy syndicate”.
Polish state energy firm to build €430m gas-steam power plant with Siemens
The plant will have a capacity of 563 MW, and is expected to later run entirely on hydrogen.
Polish state energy firm pledges to ensure oil supplies to region in case of Russian oil embargo
The announcement comes as the European Commission yesterday unveiled plans to ban the import of Russian oil.
Polish state firms direct advertising cash to government-friendly media, data show
Almost half of the 128 million zloty spent in magazines last year went to government-friendly weeklies.
Orlen: will Poland’s eagle soar?
Jakub Wiech
The Polish state oil giant has an opportunity to join the European elite, but this will come at a high price.
Polish state oil giant plans nine low-emission “hydrogen hubs” in Poland, Czech Rep and Slovakia
The company is aiming to be climate neutral by 2050.
Polish state oil giant sells assets to Saudi Aramco and Hungary’s MOL ahead of merger
The sales include hundreds of petrol stations and a share in an oil refinery.
Polish state oil giant announces “largest investment in history of Lithuania”
Orlen will expand and modernise its Mažeikiai oil refinery.
Fourteenth newspaper editor leaves since Polish state oil giant media takeover
The latest developments have raised further concern over government influence.
World’s largest sovereign wealth fund intervenes over media freedom in Poland
Norway’s Oil Fund owns a minority stake in Orlen, the Polish state firm that has bought hundreds of newspapers.
Polish state-owned oil giant opens first stand-alone store in drive to diversify away from fuel
PKN Orlen wants to open 900 of its new format retail outlets by 2026.
