Polish government weighs in on oil refiner plans

Warsaw - Poland's government signalled Friday it wants oil refiner PKN Orlen to focus expansion on the energy sector and shift away from chemicals. Treasury Minister Aleksander Grad's comments to the Puls Biznesu daily came after PKN Orlen, Central Europe's largest company by sales, named a new chief executive this month after reports of boardroom conflicts. Grad said while he's not planning to impose a new strategy for the company, he believes it should focus more on the energy sector. 'Orlen's management board must above all decide: to buy chemical group Ciech, or to sell (chemical unit) Anwil,' he told the business paper. 'A more interesting direction for investment for Orlen could be the energy sector.' The Polish state holds at least 28.5 per cent of PKN Orlen's shares and has pressed the company to resolve internal differences and present a new strategy.

And Also

Look Back at the Worst Celebrity Breakups

Look Back at the Worst Celebrity Breakups - PopEater
GASP: Goldstriker creates world's most expensive iPhone - The Tech Herald
USA Switches January Returns To One-A-Night - Cinema Blend
Jailed 'Pulp' Writer Busted for Tweeting - PopEater
A&E series 'Hoarders' and 'Intervention' premiere Monday, Nov. 30th, preview

Business

Business News

Polish government weighs in on oil refiner plans

And Also

Your Talkback on this Story

Latest Headlines in Business

Older Talkback

From Sites we Like

In Monsters and Critics

Corporate

The Fine Print