Wed, 16 Jul 2008: Polish to buy gov. oil…

dollars per share, from three to five years after the closure of the deal. If the shares were sold earlier, the share price would be 4.0205 U.S. dollars or 284.45 million U.S. dollars in total, ...

Wed, 5 Mar 2008: Ventspils Nafta negotiating oil supplies to Belarus…

"These prospects are better. PKN Orlen, the owner of the Mazeikiai refinery, has also spoken publicly about several options on how to use this oil pipeline," Petersone said. On Latvian territory ...

Wed, 13 Feb 2008: PKN Orlen says Liepaja is as attractive as Klaipeda for a new pipeline…

The Poles want to build a product pipeline linking Mazeikiai, where the refinery is based, to the terminal, which would enable the company to boost exports of high-end fuel products. Lithuania's ...

Wed, 23 Jan 2008: Mazeikiu loses market share in 2007…

"It just shows that the market is open to other producers of petroleum products," he said about the loss of market share. Mazeikiu Nafta, which is owned by Poland's PKN Orlen, is contractually b...

Wed, 16 Jan 2008: Maxima boosts 2007 sales, could become Baltics’ largest company…

The refinery, which was sold to Poland's PKN Orlen at the end of 2006, has struggled to find a reliable alternative to Russian crude, which was cut off in July 2006 after the Lithuanian governmen...

Wed, 21 Nov 2007: Russian minister: pipeline to stay dry forever…

Khristenko said there were no sound economic reasons that would justify repairs to the pipeline that supplied crude to Lithuania. He also dismissed any speculation about a "crude blockade" or ot...

Wed, 3 Oct 2007: Mazeikiai refinery woes deepen on all fronts…

26, said the amount of lost revenue would in the end add up to tens of millions of litas. Sadzius did not provide exact figures, but other Finance Ministry officials have said that they have red...

Wed, 19 Sep 2007: Baltic's big hitters revealed…

Next is Lithuanian supermarket chain Maxima at 75th. The four Baltic respresentatives are Latvian IT reatiler Elko and electricity utility Latvenergo plus Lithuanian supermarket chains Rimi and M...

Wed, 12 Sep 2007: Mazeikiu, Klaipeda to be linked…

The tanker-delivered crude is more expensive than oil pumped through pipelines, and the refinery has seen its profitability nosedive. "We understand that our proposal to invest our capital in Kla...

Wed, 15 Aug 2007: Mazeikiu numbers hit the skids…

31. Last December PKN Orlen bought a 53.7 percent stake in Mazeikiu Nafta from Yukos International, a subsidiary of Russia's defunct Yukos, and a 30.66 percent stake from the Lithuanian government...

Wed, 8 Aug 2007: Refinery prefers to buy crude on spot contracts ’s for now…

He also said that if PKN Orlen were to sign a long-term supply contract with a non-Russian supplier, Moscow would have another excuse not to repair the damaged pipeline in Belarus that has cause...

Wed, 18 Jul 2007: Poles plan defense of PKN Orlen from hostile bid…

The ministry was not available for comment, the weekly wrote. The Polish state owns 30 percent of PKN Orlen, as well as blocking rights. PKN Orlen seems to harbor the same fears. The Puls Bizne...

Wed, 31 Jan 2007: PKN Orlen calls for mandatory buyout…

Currently PKN Orlen owns 89.26 percent of the Mazeikiai-based refinery, which means the buyout will affect some 0.74 percent of outstanding stock. PKN Orlen said it will offer 10.25 litas (2.97 e...

Wed, 24 Jan 2007: PKN Orlen signs five-year delivery deal, promises investment for Mazeiki…

Kownacki was recently appointed CEO of PKN Orlen, the largest fuel refiner and retailer in Central and Eastern Europe. He takes the place of Igor Chalupec, who helped oversee the takeover of Maze...

Wed, 17 Jan 2007: PKN Orlen takes share in Mazeikiu Nafta…

PKN Orlen bought 39.87 million shares at a price of 10.25 litas (3 euros) per share, for a total 118 million euros. In addition, the Polish company may have purchased more shares on the open mark...

Wed, 10 Jan 2007: PKN Orlen signs supply agreement…

The agreement gives PKN Orlen, the largest fuel and gasoline retailer in Central Europe, the exclusive right to supply Mazeikiu Nafta, the largest corporation in the Baltics, with crude oil. Th...

Wed, 6 Dec 2006: Chalupec, Kirkilas: Mazeikiu refinery deal to be finalized next week…

In the meantime, a state commission investigating the fire at the refinery closed its probe on Dec. 1, saying it intended to hand the result to the government. No details were available by the t...

Wed, 29 Nov 2006: Board chairman questions Mazeikiu sale…

Zolotarev said that Poland's PKN Orlen may not be in a position to purchase the Lithuanian oil refinery unless the Polish state finances the purchase, the Verslo Zinios business daily reported on ...

Wed, 22 Nov 2006: PKN Orlen to buy Mazeikiu Oil by Christmas…

After all of this, EU regulatory approval is expected by Dec. 15. "It would make a nice gift for everyone if we managed to sign the deal by Christmas," PKN Orlen president Igor Chalupec told Lithu...

Wed, 11 Oct 2006: Russia says Druzhba-1 pipeline needs more time…

"After we understand what caused the problem, we can determine how to fix it." Druzhba-1 provides a direct connection of Russian crude to Lithuania's Mazeikiu oil refinery, a facility once control...

Wed, 27 Sep 2006: Controversy around pending Mazeikiu Nafta sale…

25, opined that KazMunayGaz is propping up the value of the refinery, only to dig into its deep pockets and purchase it later. KazMunayGaz has reportedly suspected that PKN Orlen does not want to ...

Wed, 30 Aug 2006: PKN Orlen’s appetite unabated despite troubles…

It's worthwhile to consider interesting transactions, the more so because there are very few of them left. At the moment, we are focusing on our latest acquisitions." PKN Orlen recently signed $2...

Wed, 7 Jun 2006: Lawmakers approve Mazeikiu Nafta deal…

Everything has been done as far as the legal side goes," Brazauskas said on May 31. "In practice, [the agreements] can be approved within one day. A decision must be made as soon as possible becau...
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