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Polish Petroleum and Gas Mining

Polish Petroleum and Gas Mining

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

"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 G√≥rnictwo 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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