ORLEN secures another PLN 900 million for expanding its energy network

ORLEN has entered into a second agreement with the European Investment Bank (EIB) to fund its strategic investment programme for building a modern electricity distribution network. The nearly PLN 1 billion in funding will go toward initiatives such as increasing the capacity for connecting renewable energy sources and installing 1,000 new electric vehicle charging points. The network expansion will also enhance the security of electricity supply for consumers.

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Fuel Discounts at ORLEN Service Stations – Holiday Promotion

This Friday marks the start of ORLEN’s holiday promotion. From 20 December 2024 to 2 January 2025, customers visiting any ORLEN service station across Poland will enjoy a PLN 0.25 per litre discount on petrol and diesel. Holders of the Large Family Card will benefit from an additional PLN 0.10 discount per litre. New and existing members of the ORLEN VITAY loyalty scheme, using the mobile app, can unlock this promotion by spending at least PLN 10 on our non-fuel offerings. Customers can save on up to 150 litres of fuel at the promotional price.

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ORLEN Halts Misguided Olefins III Project

The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. This decision is expected to save the company approximately PLN 15 billion. The funds will be redirected towards projects that sustainably enhance the competitiveness of both the company and the Polish economy. Irregularities related to the capital investment process have been reported to the prosecutor’s office. Additionally, ORLEN is considering pursuing a compensatory claim against former management board members, enabled by a recently adopted resolution of the General Meeting.

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ORLEN ramps up its exploration activity on the Norwegian Continental Shelf

A total of 6 exploration and appraisal wells were completed by ORLEN Upstream Norway in 2024, 4 more than the previous year. As a result, the company discovered or confirmed oil, gas and condensate reserves estimated at 66-129 million boe, including 11.0-22.3 million boe net to ORLEN. One of the highlights of the company’s exploration activity in 2024 is Cerisa, the third largest discovery on the Norwegian Continental Shelf this year.

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ORLEN Joins Forces with the Great Orchestra of Christmas Charity!

ORLEN is excited to participate in the upcoming Finale of Poland’s Great Orchestra of Christmas Charity (PL. Wielka Orkiestra Świątecznej Pomocy – WOŚP) and support the organisation’s fundraising efforts to enhance diagnostic capabilities in paediatric oncology and haematology wards. ORLEN is committed to prioritizing children’s health and will provide regular updates on its activities in partnership with WOŚP.

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Increasing domestic natural gas production – ORLEN enhances extraction capacity

ORLEN has successfully completed the construction of a natural gas compressor station at the Kościan-Brońsko Natural Gas Production Site in the Province of Poznań. The launch of the compressor unit will increase total output from existing deposits by approximately 10 billion cubic metres, thus extending the field’s lifespan by more than a decade.

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ORLEN’s hydrogen projects receive recognition

Three flagship hydrogen projects by ORLEN have been honoured by the Ministry of Climate and Environment, receiving recognition at the annual Conference of the Parties to the Sectoral Agreement on Hydrogen Economy Development in Poland.

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ORLEN Rejoins the UN Global Compact

After several years away, ORLEN has rejoined the UN Global Compact, the world’s largest initiative uniting businesses committed to sustainable development under the auspices of the United Nations.

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Polish presidency in the EU: a chance for a sustainable energy transition

The evolving landscape of decarbonization and energy security, with its profound regional and global implications, business operations in Poland. ORLEN is eager to engage in discussions about energy transition and the EU regulations required to facilitate it. The company has prepared a position paper highlighting the key challenges: preserving the competitiveness of the EU market, championing technological neutrality, ensuring access to decarbonization financing, and shifting away from overly prescriptive regulatory approaches.

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