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2 June 2025
ORLEN and its Ukrainian counterpart, Naftogaz Group, are expanding their strategic partnership. The two companies have signed a memorandum of understanding to cooperate in upstream exploration, downstream development, and the reinforcement of cross-border relations and commercial ties. The envisaged cooperation will bolster Ukraine’s energy security by broadening the diversification of its supply sources – not […]
22 May 2025
In the first quarter of 2025, the ORLEN Group posted a 40% y/y increase in LIFO-based EBITDA, which reached PLN 11.6 billion, while net profit surged by over 50% to PLN 4.3 billion. Approximately 80% of the operating profit figure was attributable to the hydrocarbon upstream and downstream operations and to the energy business, where […]
20 May 2025
ORLEN Upstream Norway, a subsidiary of ORLEN SA, together with the license partners, has made a discovery within the Skarv area in the Norwegian Sea. The size of E-prospect discovery is currently estimated at 3-7 million barrels of oil. During the drilling, an additional discovery was made, with resources estimated between 1 and 2 million […]
14 May 2025
ORLEN, in partnership with the Institute of Biochemistry and Biophysics of the Polish Academy of Sciences (IBB PAS), is launching a project to designate a new Antarctic Specially Protected Area (ASPA) in one of the most inaccessible regions on the planet. The initiative — the first of its kind in the history of Polish research […]
24 April 2025
ORLEN and Ukraine’s Naftogaz have signed an agreement for the supply of a further 100 mcm of natural gas. This marks the third contract under the Companies’ long-term collaboration framework, bringing the total contracted volume of US-sourced gas supplied to Ukraine to 300 mcm. “The latest agreement with Naftogaz highlights ORLEN’s growing importance as a […]
15 April 2025
In 2024, the ORLEN Group delivered record operational performance, marked by the highest levels of electricity generation from gas and renewable sources in its history, alongside its strongest natural gas production to date. The volume of low- and zero-emission energy generated during the year would have been sufficient to meet the annual demand of nearly […]
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 […]
