On Thursday, the head of the Polish fuel and energy concern was a guest of the “Sygnały Dnia” broadcast on Polish Radio 1. Program. He spoke about the merger with Lotos and the signing of a new contract by the company.
Last Wednesday, PKN Orlen revealed buyers for Lotos assets. Shares will go to Saudi Aramco, petrol stations – MOL, and the asphalt business will be taken over by Unimot.
Daniel Obajtek admitted that he dismissed the allegations of “selling off the entire Lotos”. As he said, “only a fraction of the shares of one entity was sold”. – We separated a refinery, we sell only 30 percent of it. We have all controlling stake, part wholesale and part retail. (…) We have many companies in which we do not have 100 percent. shares. The majority package is the most important. We are fully secured here – he said.
Obajtek also announced that 30 refineries were closed across Europe in 13 years. – There is an oversupply of fuels and such refineries need to be transformed into refineries producing petrochemicals – he stressed. And he added: “We are building a multi-energy concern that will be able to carry out the fuel and energy transformation, which will invest in research and development and petrochemicals in the joint balance sheet.”
As the president of the concern said, PKN Orlen has signed a contract for the supply of 20 million tons of crude oil to our region. – This ensures the safety and quality of crude oil, as well as the appropriate types of crude oil on which we can build petrochemicals. These are only benefits – said Daniel Obajtek.
It is about Orlen’s contract with Saudi Arabian Oil Company. It will guarantee deliveries from 200 to even 337 thousand. barrels per day, when combined with the lotus. In total, the contract is for 400 thousand. barrels a day, but 30 percent. will be allocated to Saudi Aramco in accordance with the prepared shareholding.
In 2022, the world could use more oil than ever before