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Aleksander Grad weighs in on energy sector strategy

2008-09-26 00:00
publikacja
2008-09-26 00:00
"The management board of Orlen must make a decision whether it should purchase Ciech's chemical group or sell Anwil. These assets should operate within one group to use all synergies. [...] A more interesting direction for Orlen would be the energy sector," said Aleksander Grad.

Information on whether Orlen made a clear decision will be known after presenting the strategy of the company at the end of October. There are no real chances for a consolidation in the oil sector and according to the current strategy, Orlen and Lotos will operate as independent companies.

Energy sector representatives are cautious in their opinions before finding out details of Orlen plans, but representatives of the chemical sector are disturbed as a lack of Orlen would diminish the position of Anwil.

Source: Puls Biznesu (M.M.)

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