21 articles
Poland imposes windfall taxes on the energy sector and cuts fuel VAT to curb rising prices after President Nawrocki reversed his stance. The measures aim to reduce inflation and cap pump costs, raisin
Saudi Arabia's East-West pipeline attack threatens 4 million barrels/day exports, causing shipment cancellations for European refineries like Orlen. Brent crude rose to $108/barrel as supply chain vul
The Czech government will reintroduce fuel margin caps and cut diesel taxes amid Middle East tensions, while proposing a 50% windfall tax on refinery margins for 2026-2027 targeting operator Orlen.
Polish oil firm Orlen is securing alternative crude cargoes from the North Sea and US to replace disrupted Saudi imports amid Middle East conflicts. The company is adjusting its supply portfolio to ma
Poland's Orlen reports no immediate supply disruptions despite reduced Saudi crude shipments via Egypt following a pipeline shutdown. Marine data indicates alternative tankers from the U.S., Algeria,
Polish refiner Orlen issued multiple tenders to secure crude oil following the shutdown of a key Saudi pipeline due to attacks. The disruption impacts European refiners relying on Middle Eastern suppl
Grupa Azoty plans to rebuild domestic fertilizer capacity amid supply shocks, restarting ammonia production despite ongoing debt restructuring. The move supports EU food security while the company sel
Orlen CEO Ireneusz Fafara remains optimistic about acquiring Grupa Azoty's Polyolefins unit despite arbitration claims by LyondellBasell. The deal involves $362.4 million in financing to consolidate O
Equinor and ORLEN signed a three-year crude oil supply agreement delivering 5 to 9 million tons annually starting in September. This deal supports Central Europe's energy diversification by covering u
Poland's Orlen beat Q2 profit estimates with 13.9 billion zlotys in core earnings, driven by widening refining and petrochemical margins amid rising product prices. Net profit surged over fivefold to
Poland's state-controlled oil refiner Orlen and Northland Power are testing onshore power lines for their 1.2-gigawatt Baltic Power offshore wind farm, marking a key step in reducing coal reliance ahe
Poland’s grid received power from its first offshore wind farm via a joint venture between Orlen and Northland Power. The 1.14 GW facility marks a key step in replacing coal with renewables and nuclea
Poland's Orlen reported a 22.8% rise in Q1 adjusted core profit driven by surging refining margins amid regional conflict. The company also updated its "New Chemistry" petrochemical project budget to
Poland's fuel price caps attract cross-border drivers, spiking fuel sales by 13.4% despite stable domestic spending. The policy costs taxpayers $440 million monthly, though retailer Orlen claims no si
Poland's State Assets Minister stated a proposed windfall tax could cost refiner Orlen roughly $1.6 billion. Implementation is expected in the second quarter following final work on the legislation.
Poland's Orlen confirmed Saudi Aramco oil deliveries remain on schedule despite regional conflicts, securing 40% of its crude supply via the Red Sea. The refiner also pledged to meet jet fuel contract
Polish state-owned Orlen Group revised its New Chemicals project budget to $9.9 billion, cancelling the Olefins III expansion to focus on a new steam cracker with 740,000 mt/year ethylene capacity by
Orlen agreed to acquire Azoty's struggling polyolefins business in Poland for $366 million, with completion expected in Q3 2026 after over a year of negotiations.
Orlen acquires a Polish butadiene extraction unit from Synthos for $193M, regaining full control under its New Chemicals project to support Płock site petchems expansion.
Orlen evaluates Azoty's counteroffer to its €240 million nonbinding bid for Azoty's Polish polyolefins business, which includes potential future payments subject to further transaction clarification.
Orlen confirmed it will permanently close its Płock phenol plant this November, halting phenol and acetone production. This follows broader European producer plans for output cuts amid poor demand and
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