The company's management did not give many details, but it hopes to buy resources in Iraq, Russia and Kazakhstan, although the latter seems most likely. Cezary Filipowicz, vice-president responsible for extraction, is currently visiting the country. Asked about the chances of using Iraqi oilfields, Chalupec said that it is hard to talk about concretes because of the ongoing conflict.
Between 2007 and 2009 the company will spend $130 (zł.407) million a year and after 2009 an additional $438 (zł.1,372) million per year on acquiring their own supplies.
Andrzej Wróbel
Orlen's updated strategy for 2006-2009, which was unveiled last week by Igor Chalupec, president and CEO of PKN Orlen, reveals the company's ambitious plans and investments. Some EUR 3 (zł.11) billion will be spent on mergers and acquisitions over the next 10 years, zł.10 billion on extraction and an additional zł.13.6 billion worth of investments have been earmarked to ensure the company's development and effectiveness.
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