Lotos-Orlen scandal. Media: The prosecutor’s office initiates an investigation

Luc Williams

The investigation was initiated on January 22, 2024. As the media reminds, KO MP Agnieszka Pomaska ​​had previously submitted a notification in this case.

“There is an investigation into the abuse of powers and failure to fulfill duties by the management board of PKN Orlen and causing significant property damage, as well as into the abuse of powers and failure to fulfill duties by public officials, including the President of the Office of Competition and Consumer Protection. This is in response to the notification of December 16, 2022,” she announced on Tuesday KO MP.

NIK report on the merger of Orlen and Lotos

In July 2023, the Supreme Audit Office prepared a report regarding, among others, merger of Orlen with Lotos after inspection by the Ministry of State Assets. TVN24 journalists found the still unpublished document. According to the Supreme Audit Office, Saudi Aramco paid PLN 7.2 billion less for the Lotos part than it was worth.

In 2022, the District Court for Łódź-Śródmieście in Łódź, 20th Commercial Division of the National Court Register, registered the merger of PKN Orlen with Grupa Lotos.

Earlier, in January 2022, in accordance with EC requirements, Orlen presented remedial measures planned in connection with the takeover of Grupa Lotos. Among others it was reported that the Hungarian MOL would take over 417 gas stations of the Lotos Group network in Poland, and Orlen would buy from MOL 144 gas stations in Hungary and 41 gas stations in Slovakia. The fuel and asphalt logistics area within the Lotos Terminale company will be purchased by Unimot. Lotos Biopaliwa will be purchased by Rossi Biofuel.

As Orlen reported, it negotiated that Saudi Aramco would buy 30 percent. shares of the Lotos Group refinery in Gdańsk and agreed a long-term contract for deliveries from PLN 200,000. up to 337 thousand barrels of oil per day, while the target volume of supplies of Saudi raw material should be 20 million tons per year.

About LUC WILLIAMS

Luc's expertise lies in assisting students from a myriad of disciplines to refine and enhance their thesis work with clarity and impact. His methodical approach and the knack for simplifying complex information make him an invaluable ally for any thesis writer.