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Lithuania is open to the solution of all issues and coordination of positions with Poland, Lithuanian Prime Minister Saulius Skvernelis said on Sunday after meeting with his Polish counterpart Mateusz Morawiecki at Mažeikiai-based oil refinery Orlen Lietuva.
The declaration signed between the Lithuanian government and the Polish oil concern Orlen on Tuesday envisages the Polish company's investments in the Mažeikiai oil refinery and the same number of jobs, while the government should reconsider Public Service Obligation (PSO) tariffs for the company an...
Lithuania's government and Poland's oil concern Orlen signed a cooperation declaration in Vilnius on Tuesday, Prime Minister Saulius Skvernelis said.
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.
Consultations are currently in progress on settlement of the dispute between Orlen Lietuva, a concern operated by Poland's PKN Orlen, and Lietuvos Geležinkeliai (Lithuanian Railways, LG) after the European Commission imposed a large fine on the state-run railway company for removed tracks, Poland's ...
Lithuania should seek settlement with Poland over the dismantled railway tracks, as peaceful settlement would give an impetus to investments by Poland's PKN Orlen concern in the utility in Mazeikiai, northern Lithuania, and facilitate the implementation of energy and transport projects, says Tomasz ...
Orlen Lietuva profits jumped to €217 million last year after a loss of €109 million in 2014 yet the company paid significantly less in taxes Lithuania last year than it did in 2014.
Lithuania-based oil refining company Orlen Lietuva generated a net profit of €217 million ($227 million) last year.
Russian oil will be once again supplied to the Orlen Lietuva oil refinery in Mažeikiai as the new head of the company Wojciech Jasinski is increasing raw material imports from Russia, newspaper Gazeta Wyborcza reports.
Orlen Lietuva benefits from restructuring and very favourable macroeconomic conditions. Production capacity utilisation reached 86 percent in the second quarter of 2015 (reaching 92 percent in June, which was the highest level since two years).
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 ...
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 Vilniu...
Mažeikiai oil refinery has never been a plum company for the Polish oil refiner PKN Orlen. Now, the situation has gone so sour officials are talking of bankruptcy.
