PM to meet Orlen execs to discuss modernization, PSO tariffs

Prime Minister Saulius Skvernelis is meeting on Tuesday in Vilnius with PKN Orlen CEO Daniel Obajtek and Michal Rudnicki, CEO of the Polish oil group’s Lithuanian unit Orlen Lietuva. […]

Andžej Pukšto

A. Pukšto – we are unable to solve parish issues while greater dangers loom

Secretly recorded conversations between former Polish Minister of Foreign Affairs Radosław Sikorski and former PKN Orlen chairman Jacek Krawiec were released to the public, which prove that there were serious discussions of handing over Orlen […]


Orlen Lietuva says authorised capital reduction will not affect solvency

Petroleum company Orlen Lietuva responded to concerns expressed publicly by Lithuanian Railways (Lietuvos Geležinkeliai) over the company’s finances. Orlen Lietuva said that the reduction of its authorised capital was not related to payment to shareholders but was used to cover losses, thus it will not affect solvency. […]


Unsolved dilemma of Orlen Lietuva (Mažeikių Nafta)

The launch of Lithuania’s new LNG Terminal Independence in Klaipėda is cause for celebration as a victory over Russian gas dominance. as well as neighbouring Latvia and Estonia. However, another Lithuanian energy sector dilemma remains unresolved despite efforts of the European Commission and Vilnius and Warsaw –  the Russian eight year long oil ‘embargo’ against the Lithuanian oil refinery Orlen Lietuva (Mažeikių Nafta). […]