Daily Management Review

Poland's PKN Orlen invests $435M in Czech energy sector


According to Czech Prime Minister Petr Fiala, Polish oil refiner PKN Orlen plans to spend more than 10 billion crowns (about $435 million) in the Czech energy sector.

David Herrmann
David Herrmann
"During our discussions with PKN Orlen executives, we talked over a number of energy-related initiatives. The main topic of debate was guaranteeing enough energy, particularly gasoline and diesel fuel, for the Czech market. The firm’s management vowed to invest more than 10 billion crowns in the Czech energy industry and to be more transparent about its pricing strategy," Fiala said on his Twitter account after speaking.

PKN Orlen, a Polish corporation, has been active in the Czech market for a long time and is consistently growing its investments. In instance, it invested 8.5 billion crowns (about $370 million) in 2021, and 2.4 billion crowns (approximately $104 million) in the first quarter of this year.

source: reuters.com