Poland's top refiner PKN and dominant gas group PGNiG PGNI.WA plan to jointly buy a foreign company with access to oil, PGNiG chief executive was quoted as saying on Thursday
The two state-controlled companies have been seeking to build up upstream capacity to lessen Poland's reliance on oil and gas from Russia.
"Earlier announcements and declarations concerning cooperation did not yield effect," PGNiG head Michal Szubski told Rzeczpospolita daily. "Now we have a chance to change that."
The two companies have already conducted due dilligence of an unnamed company and PKN may decide whether to go ahead with the deal in the coming weeks, the paper wrote.
PKN Chief Executive Jacek Krawiec was quoted as saying only that "details of these negotiations are confidential."
Both companies already cooperate on a small extraction project in Poland and own stakes in a project off the Norwegian coast.
Source: Reuters
Author:
Ksenia Kochneva
