PKN Orlen Likely to Mothball Lithuanian Refinery

摘要

Poland’s PKN Orlen could be close to deciding to mothball its refinery in Lithuania due to a lack of success in solving logistical issues and the overall lethargy in the European refinery market. Sources say that board meeting at the Plock-based company was scheduled to discuss the issue this week. In the latest twist that PKN Orlen appeared to be giving up hope on Orlen Lietuva, its Lithuanian subsidiary, media in the Baltic state reported that the Poles have all but ceased pursuing a long-held project of building a product pipeline from the Mazeikiai-based refinery to the port of Klaipeda — infrastructure that would significantly reduce dependency on Lithuanian railroads.