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NEWS

Polish to buy gov. oil

Jul 16, 2008
From wire reports

VILNIUS - Poland’s oil group PKN Orlen, owner of more than 90 percent of Mazeikiu Nafta (Mazeikiai Oil), has expressed its intention to buy the remaining shares of the Lithuanian oil complex it does not already own from the Lithuanian government. In line with the agreement made between the government and the Polish company on the purchase and sale of 30.6 percent of Mazeikiu Nafta, the remaining shares, the state-owned interest of almost 10 percent in the Lithuanian oil complex, could be sold ...


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