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Article: PKN Orlen willing to invest $1 bln in Lithuania's Mazeikiu Nafta.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- April 13, 2006
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PKN Orlen willing to invest $1 bln in Lithuania's Mazeikiu Nafta
WARSAW. April 13 (Interfax Central Europe) - Poland's top fuel firm PKN Orlen would invest $1 billion in Lithuanian refinery Mazeikiu Nafta should it acquire the firm, according to an Orlen statement outlining its offer to the Lithuanian government Thursday.
"PKN Orlen's intentions for the company include making substantial investments at the company's facilities at the cost of about USD 1 billion," reads the statement.
The investment would concern the building of new installations, the expansion of the refinery's crude-oil-processing capacity to 11 mln tonnes of oil per year and ...