This will be a “long-term and mutually beneficial cooperation…based on commercial terms”, says Orlen.
This will be a “long-term and mutually beneficial cooperation…based on commercial terms”, says Orlen.
Baltic Power is expected to begin operations in 2026, providing electricity to 1.5 million households.
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The company is aiming to be climate neutral by 2050.
The sales include hundreds of petrol stations and a share in an oil refinery.
Orlen will expand and modernise its Mažeikiai oil refinery.
The latest developments have raised further concern over government influence.
Norway’s Oil Fund owns a minority stake in Orlen, the Polish state firm that has bought hundreds of newspapers.
PKN Orlen wants to open 900 of its new format retail outlets by 2026.
Orlen is responding to a court decision to suspend its purchase of hundreds of media outlets.
He also criticised a German supermarket for evading Poland’s Sunday trading ban and praised the government for its Covid response.
Orlen’s CEO had previously promised no major personnel changes.
It has fallen every year since 2015, when it reached its highest ever position.
Orlen has bought hundreds of local media outlets.
Daniel Obajtek has been accused of suspect real estate purchases, nepotism and perjury.