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Polish Oil and Gas Company (PGNiG)

Polish Oil and Gas Company (PGNiG)

Industry: 
Energy
Symbol: 
WAR:PGN
Country: 
Poland
Contact Information: 
Sources: 

"Poland is in talks with Iran over cooperation in the oil and gas sector, which could result in exploration and production contracts for Polish industry, Deputy Energy Minister Michal Kurtyka said on Monday. Polish state-run gas firm PGNiG said last year that it was looking at various options in oil and gas exploration and production in Iran. 'We are looking forward to cooperation with Iran when it comes to both PGNiG and our oil companies. Talks are being conducted on concrete contracts in exploration and output, but also regarding trade agreements,' Kurtyka told reporters at a Poland-Iran economic forum." (Reuters, “Poland in talks with Iran over oil, gas cooperation –minister,” 5/30/2016)

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"Poland's state-run gas distributor PGNiG is looking at various options in oil and gas exploration and production in Iran once sanctions on the country are lifted, PGNiG's CEO said. 'We are interested in the Iranian market (...) and we are considering various business configurations there. We have an office in Iran and are at the stage of examining that market,' Mariusz Zawisza said in an interview. He reiterated that PGNiG was considering buying production assets in Norway, the United States and Canada that would help it boost own oil and gas output.” (Reuters, "Poland's PGNiG eyes Iran's oil and gas market,” 11/23/2015)

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"Poland's state-controlled gas monopoly PGNiG has expressed its willingness to operate projects in Iran as hopes soar for the lifting of sanctions on Iran. The company's Middle East manager, Yugoslav Suzanski, was quoted by Mehr news agency as saying that PGNiG is interested in opening an office in Tehran in order to pursue its activities in Iran. 'Years ago, this Polish company was present in Lavan gas project [in Iran] and is willing to return to Iran's burgeoning market,' he said. Meanwhile, Iran's deputy petroleum minister Abbas Sha'ri-Moqaddam said talks have been started with a Polish company for cooperation in petrochemical projects. 'The main subject of talks with this European company is the purchase of equipment and state-of-the-art technology for petrochemical industries,' he said." (Press TV, "Poland firm willing to operate Iran gas projects," 5/11/2015)

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"The Polish oil and natural gas company PGNiG (Polskie Górnictwo Naftowe i Gazownictwo) has signed an MoU with the Iran National Oil Company (NIOC) on joint work on an oil field in Lavan Island in Iran's territorial water in the Gulf. The company signed an agreement this week with the Iranian Offshore Oil Company (IOOC) on the future cooperation, PGNiG Manager for Middle East Boguslaw Sozanski told Trend at the Iran Oil Show 2015 which was held May 6-9. He further said that the company has considered an investment of $1 billion for the project, adding that the possibility to invest more is still being explored... He said that his company, 75 percent of whose shares are held by the Polish government, started cooperation with Iran in 2007, but stopped the cooperation due to economic sanctions on Iran. He further said that he had been in Iran one week earlier as member of a large Polish trade delegation to explore the Iranian market." (Trend, "Polish company signs MoU on Iran's Lavan Island oil field," 5/10/15)

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"Polish gas monopoly PGNiG (PGNI.WA) has signed a preliminary deal with Iran's Offshore Oil Company to cooperate on managing already-discovered gas reserves." (Reuters, "Factbook," 6/5/09)

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