USD 63.9542

0

EUR 71.1299

0

BRENT 59.28

-0.01

AI-92 42.27

+0.01

AI-95 46.03

0

AI-98 51.75

-0.02

Diesel 46.26

+0.01

12

Oil Venture Partners in Middle East Considered by PKN

Poland's largest oil company PKN Orlen PKNA WA may seek access to oil deposits in partnership with firms from the Middle East and could offer them refining services in return, its chief executive told daily Dziennik

Poland's largest oil company PKN Orlen PKNA.WA may seek access to oil deposits in partnership with firms from the Middle East and could offer them refining services in return, its chief executive told daily Dziennik.

"We want to become present in an upstream segment with the help from partners in the Middle East," Jacek Krawiec said in an interview.

"In return we could offer access to our refining installations, for example in Mazeikiu (PKN's Lithuanian refinery) and to our retail network," he added.

Krawiec said it was "theoretically possible" that in the future the companies from the Middle East could take stakes in PKN or in its Mazeikiu unit, but the decision was up to the Polish government, which is the refiner's controlling shareholder.

Author: Jo Amey