- PKN ORLEN will receive 200-337 thousand barrels of crude oil per day from Saudi Aramco.
- The merger will expand PKN ORLEN's retail network by 144 stations in Hungary and 41 in Slovakia.
- No collective redundancies are planned, ensuring job security for employees.
- The combined group will have a market capitalisation of around PLN 78bn.
Key Partnerships and Agreements
PKN ORLEN has selected four partners to meet the European Commission's conditions for its acquisition of the LOTOS Group. Saudi Aramco will handle refining, wholesale assets, and aviation fuels, while MOL Group will manage retail. Unimot Group is responsible for logistics, and Rossi Biofuel Zrt. will focus on biofuels. These agreements have received all necessary corporate approvals and will be submitted to the European Commission for final approval.
Strategic Expansion
The merger will enable PKN ORLEN to expand its retail network significantly. The company will gain 144 service stations in Hungary and 41 in Slovakia, making it a leading fuel retailer in these markets. Additionally, PKN ORLEN plans to acquire another 100 retail sites across the region, aligning with its strategic objectives.
Energy Security and Diversification
Post-merger, PKN ORLEN will secure crude oil supplies from Saudi Aramco, ranging from 200 to 337 thousand barrels per day. This will cover up to 45% of the total oil demand for the entire ORLEN Group in Poland, Lithuania, and the Czech Republic. The partnership also opens opportunities for joint investment projects in advanced high-margin petrochemicals and R&D initiatives.
Job Security and Operational Efficiency
No collective redundancies are planned, ensuring job security for employees. The integration aims to improve operational efficiency and financial performance, allowing the combined group to invest in new promising areas and facilitate foreign expansion.
Market Capitalisation and Financial Stability
The consolidation of PKN ORLEN with LOTOS and PGNiG, along with the earlier merger with the Energa Group, will create an integrated and diversified fuel and energy group with a market capitalisation of around PLN 78bn. This integration will expand the scale of operations, improve financial stability, and support the energy transition.
