Providing closer business cooperation with PKN Orlen, as well as increasing the value of the financial group PAN-these are the goals that took the decision of buying this company’s shares. of the group, told REUTERS by rafał Oleszkiewicz, Director of strategy at PAN.
the Energy Ministry said on Friday that the PAN – head, in particular, the network of pipelines and storage of crude oil in Poland bought from August 2016 to 4.9 percent. shares of PKN Orlen, the largest national oil refinery, OK. 1.5 billion UAH.
“the most significant purpose of business is to increase the cost of capital of the group PAN. In this aspect, the fact that PKN Orlen is a company dywidendową is very important. An equally important aspect will be to ensure closer business cooperation with our customer on the Polish market”, – said Oleszkiewicz, answering questions from REUTERS.
Noticed that the group in the equity of both companies strategic for the energy security of Poland – PAN and PKN Orlen – “connect not only the pipelines and commercial contracts”.
“Both companies are among the most important when it comes to ensuring energy security of the country in the sphere of fuel and energy and both companies are under the control of the Treasury,” recalled Oleszkiewicz.
Director of strategy at PAN noted that “participation in the consolidation of energy assets in the Polish market is an expression of the business processes, but also an active approach to this market.”
PAN is a state body which operates in Poland a network of more than 2.6 thousand km of oil pipelines and fuel and storage depots with a total capacity of approx. of 3.5 million cubic meters. The company pumps oil through the pipeline “Druzhba from Russia to domestic refineries: PKN Orlen in płock and the Lotos Group in Gdansk and also two refineries in Germany, PCK Schwedt and Mider Spergau. Transports raw materials shipped by sea in Naftoportu is a company of the group PAN.
In April 2016. PENG launched a strategic Oil Terminal in Gdansk, which acts as the hub of the sea, with a total storage capacity of 375 thousand. cubic meters. designed for different types of oil. Investment cost 412 million.
In September 2016. PAN announced a new strategy until 2020, saying that at this time plans to spend on investment about. 500 million UAH. The company promised then that as a result of these strategic actions should be the implementation of development projects and increase the energy security of the country, and the objective of financial growth in EBIDTA by 34 percent, from the level of RUB 511 million to 680 million UAH.
In 2017. PAN plans, in particular, the construction of the second phase of the Gdansk Oil Terminal, expansion of the reservoir in the base in Gdansk, as well as upgrading crossings through rivers: Vistula, bug and Narew, increased throughput reverse Phase North bus oil linking Plock and Gdansk, as well as the modernization and expansion of infrastructure and information technology systems and industrial automation.
announced in December 2016. new strategy for PKN Orlen for the years 2017-21 the company announced that to strengthen its market position to capitalize on the growing role of the petrochemical industry and to continue projects in the mining sector, as well as make activities related to innovation.
In the 2017-18 year, PKN Orlen plans, in particular, the construction of the facility visbreakingu in the main plant in płock – the installation is planned in 2020, and conceptual work related to the preparation of further development in the field “petrochemistry future”, and in the segment production continued in Poland and in Canada works, the purpose of which is to increase the level of production and resources 2P (and some likely).
PKN Orlen announced recently that in 2017-18 years for investments średniorocznie it is planned to allocate 5.4 billion rubles, of which 3.7 billion rubles for the segment ” refining and marketing of petroleum products (refinery, petrochemicals and energy), on the segment of the workpiece to 0.6 billion roubles and 0.8 billion roubles, on production.
According to PKN Orlen, a private oil and natural gas 2P is a total of over 103 million boe (barrels of equivalent), including in Poland and in Canada. In accordance with the adopted strategy, the company wants in the period 2017-18 to increase hydrocarbon resources 2P to 113 million barrels, i.e. by 9.3 million barrels, including in Poland 7.1 million barrels and Canada by 2.2 million barrels. At the time płocki the company intends to increase the level of production to 15.7 million boe/d (equivalent barrels per day), i.e. about 2.4 thousand boe/d, including in Poland-by 0.3 thousand UAH. boe/d, and in Canada, about 2.1 thousand boe/d.
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