• 2006 September 27 11:58

    Polish concern PNK Orlen to start controlling Mazeikiu Nafta (Lithuania) at the end of November

    Igor Khalupetsas, President of Polish concern PNK Orlen, held a bilateral meeting with Gediminas Kirkilas, Prime-Minister of Lithuania, on September in Vilnus. The meeting was dedicated to the final stage of transfer of Mazeikiu Nafta refinery concern to PNK Orlen. This information has been provided today to REGNUM IA at the press service of Lithuanian Government. The deal is under successful completion according to a schedule. All the document to be furnished to European Commission of EU have been prepared already, Gediminas Kirkilas, Prime-Minister of Lithuania, reported at the conference. Igor Khalupetsas announced in his turn, that EC would be furnished with the package of necessary documents within few days. I don’t think the procedure of the control stock purchase from YUKOS will take much time, he said. According to Igor Khalupetsas, the deal to be finalized by the end of November. When answering the reporters’ questions related to guarantees of oil supply to the refinery, the Prime-Minister told gave the example of today’s situation, when the company works without Russian oil. There are several possibilities. One of them is recovery of oil supply by the pipeline. If not the refinery will continue operation anyway, Kirkilas said. According to Igor Khalupetsas, the situation with damaged Druzhba pipeline "is a very interesting one". The head of Polish concern remarked that Poland is one major customers among those who buy Russian oil, so both countries are interested in mutual cooperation.

    We would like to remind you, that on July 29 the break-down of Druzhba pipeline at the territory of RF between Briansk and Novopolotsk stopped oil supply to Mazeikiu Nafta refinery. Some time earlier, on May 25, Polish PKN Orlen came to agreement with PKN Orlen on sale of 54% Mazeikiu nafta for $1425 million. In June 2006 PKN Orlen purchased 30.66% of shares owned by Lithuanian Government for $880 million. The Government intends to sell the rest 10% valued at $278 million within 5 years. In Lithuania the accident is considered to be a “political” event related to “Russia’s revenge” for sale of Mazeikiu Nafta to a non-Russian company. On September 10, oil was discharged in Lithuania from the tanker that had come from Venezuela with 70 thou tons of Masa-30 oil. That was the first tanker with non-Russian oil to come to Lithuania after break-down of Druzhba pipeline. Thus, Lithuania has started implementation of the plan on alternative delivery of oil to Mazeikiu Nafta refinery.

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