Inspectioneering
News

BP Concerned Over Planned Merger of Poland's Two Biggest Refineries

Reuters, September 6, 2018
Reuters

The planned merger of Poland’s two largest refiners PKN Orlen and Grupa Lotos could restrict competition in the east European country, BP said in a statement on Wednesday. Poland’s biggest oil refiner PKN Orlen said in February it planned to buy at least a 53 percent stake in Lotos, mostly from the state.

London-based oil and gas group BP has not filed any official complaint with Polish or European Union authories but will consider its options in the future, a company spokeswoman said.

If this merger were to go ahead, 95 percent of the (country’s supply and infrastructure) market would be controlled by two companies,” the BP statement said.

We believe that a competitive market is in the best interest of Polish consumers and that this merger could restrict that competition unless there is a guaranteed competitive cost of supply and infrastructure access.

In the first half of 2018, PKN Orlen owned 1,771 petrol stations in Poland, BP had 537 stations and Lotos 484, according to data from POPiHN, a Polish organisation that provides research into local fuel market.

We are in a dialogue with the European Commission. According to our analyses, the transaction will not threaten the competition,” a PKN Orlen spokeswoman said.

PKN plans to ask the European Commission later this year for anti-monopoly approval of the deal.


(Reporting by Ron Bousso; Aditional Reporting by Agnieszka Barteczko; Editing by Mark Potter)

Click here to read the full article from Reuters.

Copyright 2019 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.