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18 March 2025
ORLEN and Naftogaz of Ukraine have signed a natural gas supply contract, securing deliveries for Ukrainian consumers already in April. This is the second contract executed under the cooperation agreement established between the two companies earlier this year. The gas will be sourced from the United States. For the purpose of the transaction, involving approximately […]
6 March 2025
In 2024, the ORLEN Group’s natural gas production across its operations in Poland and abroad reached 8.6 billion cubic meters, marking a 20% growth year on year. The Group’s revised strategy targets an increase in gas production volumes to 12 billion cubic meters by 2030, with plans to sustain this level through 2035. “Upstream operations […]
4 March 2025
Stable supply of electricity at affordable prices, achieving full independence of the Baltic Sea region from Russian supplies, as well as clean air, thanks to joint projects for the development of new technologies, including hydrogen, are potential benefits of cooperation between the Baltic countries, according to a new report by the ORLEN Group and S&P […]
ORLEN continues to strengthen its financial position and credibility among investors. This is validated by Fitch Ratings, which has affirmed the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’. The Outlook is Stable. The agency primarily highlights the benefits stemming from consistent diversification and expansion of operational scale, as well as the maintenance of […]
14 February 2025
The ORLEN Group has achieved a strong rating in an independent global environmental assessment conducted by the CDP, an environmental rating organisation. The company received a ‘B’ score in the Climate category, a significant improvement from previous years when it was rated ‘D’. This leap in performance underscores ORLEN’s awareness of its influence on the […]
7 February 2025
As a result of corrective actions taken by the current Management Board, ORLEN regained the trust of Norges Bank Investment Management and was removed from the watch list. The company entered it after the purchase of the Polska Press media company by the previous management. His actions were then assessed by the Norwegian bank as […]
10 December 2024
A total of 6 exploration and appraisal wells were completed by ORLEN Upstream Norway in 2024, 4 more than the previous year. As a result, the company discovered or confirmed oil, gas and condensate reserves estimated at 66-129 million boe, including 11.0-22.3 million boe net to ORLEN. One of the highlights of the company’s exploration […]
26 November 2024
After several years away, ORLEN has rejoined the UN Global Compact, the world’s largest initiative uniting businesses committed to sustainable development under the auspices of the United Nations. Becoming part of the UN Global Compact sends a clear message to investors and partners. It enhances public perception and strengthens market credibility, as the pledge to […]
19 November 2024
ORLEN has signed the Oil & Gas Decarbonization Charter (OGDC), a global initiative focused on accelerating the decarbonization of the oil and gas sector through enhanced industry collaboration and knowledge-sharing. By joining the OGDC, the ORLEN Group has committed to actively supporting its objectives, which include achieving climate neutrality in Scope 1 and 2 emissions […]
13 November 2024
For the third quarter of 2024, the ORLEN Group has posted robust operating performance, with adjusted LIFO-based EBITDA at PLN 8.1 billion amid increased macroeconomic headwinds, including a 65% y/y decline in refining margin. The LIFO-based EBITDA adjusted for one-offs and regulatory impacts was on a par with last year’s level (of PLN 8.6 billion). […]
21 October 2024
ORLEN has entered into a EUR 2 billion credit facility agreement with a syndicate of 16 banks, ensuring the Group has access to financing for its ongoing business requirements. This revolving credit facility replaces the previous agreement and will be utilised to support the Group’s day-to-day trading and operating needs. “The renewable structure of this […]
4 September 2024
ORLEN has entered into a five-year exclusive agreement with Lithuania’s KN Energies, previously known as Klaipedos Nafta, granting it sole access to a small-scale LNG reloading wharf station in Klaipėda, which will bolster gas supply to north-eastern Poland and the broader Baltic region. Since the initiation of an earlier contract, ORLEN has received nearly 60 […]
