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Polski Koncern Naftowy ORLEN Spólka Akcyjna
PSKOFEnergyOTCPL
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Poland's largest energy group Orlen reported a 22.8% rise in first-quarter core profit adjusted for the value of oil inventories and impairment charges on Thursday, exceeding analysts' expectations, as strong downstream performance and energy demand boosted earnings.
The windfall tax Poland is currently working on could cost refiner Orlen around 6 billion zlotys ($1.64 billion), Polish State Assets Minister Wojciech Balczun told Radio Zet on Friday.
Oil deliveries from Saudi Aramco to Orlen are on schedule and in line with contracted volumes despite supply disruption from the U.S.-Israeli war with Iran, Poland's top oil refiner and retailer told Reuters on Tuesday.
Poland is becoming harder for investors to ignore.
