10 July 2014, 08:42

KMG talks to buy Mazeikiai refinery

ASTANA. KAZINFORM - "KazMunayGas" JSC negotiates with the Polish concern "PKN Orlen" (Lithuania) about buying "Mazeikiai" refinery, Lithuanian newspaper "Lietuvos rytas" informs.

According to the newspaper, this year "PKN Orlen" representatives have met several times with the leadership of "KazMunayGas" and offered to start substantive negotiations on the transfer of control over the plant.

However, according to WBJ website ‘Poland's largest oil group PKN Orlen is not selling its Lithuanian refinery, Orlen Lietuva, to KazMunaiGaz, the company's executive director, Andrzej Kozłowski said on Twitter. "Rumors," he wrote, referring to reports from news agencies on the issue'.

PKN Orlen bought the Mazeikiu refinery in 2006. The Kazakh company was then one of the contenders in the privatization process. The refinery, now operating as Orlen Lietuva, is now working at 60 percent of its capacity, due to unfavorable economic conditions.

 Tags: KazMunayGas
Did you find a mistake? Highlight it and click CTRL+ENTER

Read also

New general director of KazTransOil named

ASTANA. KAZINFORM - According to the resolution of the Board of Directors of "KazTransOil" JSC dated December 14, 2015 powers of Mr.Kairgeldy Kabyldin, the General Director (Chair of the Management Bard) of "KazTransOil" JSC, were early terminated on December 15, 2015 based on his submitted notification; and Mr.Nurtas Shmanov was elected as the General Director (Chair of the Management Board) of "KazTransOil" JSC starting from December 16, 2015.

User name:
Enter code:*