Polish oil refiner PKN ORLEN looking to expand on Romanian market

PKN ORLEN officials met with representatives of the Romanian government in order to strengthen mutual relations and identify potential business opportunities on the local market, it said in a press release on Thursday.

"The difficult environment in which we are currently operating is not only a huge challenge, but also an opportunity that can spur further development. We are a serious business partner for European players, which means we must remain open to potential opportunities for further strengthening of our business," PNK ORLEN management board president Daniel Obajtek said.

"We keep looking for and exploring attractive growth options. I think my meeting in Romania has been successful in terms of possible advancement of the company’s strategic plans,” Obajtek added.

The talks revolved mainly around PKN ORLEN’s strategy of achieving carbon neutrality by 2050 and challenges associated with the energy transition.

"We are also pleased that regional players of such stature as PKN ORLEN are interested in the Romanian market. I hope today’s meeting with Mr Obajtek will pave the way to our further potential cooperation,” Romanian prime minister Ludovic Orban said.

PKN ORLEN is a Polish oil refiner and petrol retailer with major operations in Poland, Czech Republic, Slovakia, Germany, and the Baltic States as well as operations in Canada.

Its products have been present on the Romanian market for about seven years, including mainly bitumen and certain petrochemicals, such as acetone, polyethylene, polypropylene and PTA.