PGNiG

Energy
WSE: PGN
Poland

"Poland’s dominant gas firm PGNiG has suspended a gas project in Iran because of the risk from U.S. sanctions, the company’s deputy chief executive said. “There is not much we can do about the contract in Iran. Any moment the sanctions will be put in place and nobody wants to take a risk,” Maciej Wozniak of the state-run PGNiG told Reuters. “We can take risks when we are drilling and looking for hydrocarbons, but we will not take risks playing politics,” he said, adding the project consisted of providing technical expertise in gas extraction in Iran." (5/18/2018)

--

In line with plans to develop Iran’s oil and gas fields, high-ranking officials of Poland’s state-run gas company PGNiG are expected to meet the National Iranian South Oil Company in February to finalize their ongoing negotiations to increase the recovery rate in the oilfields of Khuzestan Province, NISOC managing director said on Wednesday. “PGNiG is willing to invest in Iran’s oil and gas upstream sector and talks are underway to assign the development of an unnamed field to the company,” Bijan Alipour was also quoted as saying by Mehr News Agency. (January 12, 2017).

--

In 2018 the U.S. state of Iowa listed PGNiG as an Iran restricted company rendering PGNiG ineligible for investment and/or state contracting.

--

In 2017 the U.S. state of Rhode Island, South Carolina, Tennessee listed PGNiG as an Iran restricted company rendering PGNiG ineligible for investment and/or state contracting.

--

"Poland's dominant gas firm PGNiG and the National Iranian Oil Company (NIOC) have signed a letter of intent regarding co-operation on exploring the Soumar oil deposit in Iran, PGNiG said in a statement on Monday." (Reuters, "Poland's PGNiG and Iran set to jointly explore Soumar oil deposit," 11/7/2016).