Tag Archives | PKN Orlen

Czech Unipetrol downgraded on lack of growth potential

Raiffeisen Centrobank has downgraded its rating on the stock of Czech petrochemical producer Unipetrol to ‘Reduce’ from ‘Hold’ noting its lack of growth potential, according to ICIS news. “We like Unipetrol’s restructuring and debt reduction track record and we think that with its specialisation in niche petchem products, the company will be able to tackle […]

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ICIS Top 10 CEE/Russia chemical company list: help!

I am compiling the 2010 ICIS Top 10 central and eastern Europe/Russia chemical companies list and I need your help! Please visit the spreadsheet I’ve set up and let me know if I am missing any companies. This list is based on the 2009 list.  These are the companies included so far: SIBUR, PKN ORLEN, […]

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Unipetrol gets rebrand

The company is to be totally subsumed into PKN Orlen and known as Orlen Ceska Republika. This is the end of an era!This train will need to be repainted!http://www.youtube.com/watch?v=eAdgz1F6gho

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PKN Orlen moves a step closer to feedstock independence

Good news for Poland’s PKN Orlen this week. All oil producers in the country are reliant on Russian crude; a vestige of the Soviet era.Now the country’s oil group, Grupa Lotos, has signed a letter of intend with the State Oil Company of Azerbaijan (SOCAR) to co-operate on oil production.A pipeline which currently runs from […]

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Stormy meeting for Unipetrol?

Unipetrol, part of Poland’s PKN Orlen, has had a tough time of it in recent months. Political interference at head office in Poland means every time there is a change of government in Poland, a new set of managers are appointed at Orlen.This contributed to the resignation of Unipetrol’s CEO, Francois Vleugels, earlier this year. […]

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PKN Orlen may breach loan covenants

PKN Orlen is in trouble again. Constant changes of leadership mean the group has real trouble following a set strategy. Political interference is the key probelm. A change of government means a change at the top for Orlen.According to ICIS news, quoting ING Bank, Orlen “could improve its financial health by selling its strategic oil […]

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