A disused railway between Latvia and Lithuania will be rebuilt in 2012, allowing Polish refiner PKN Orlen to ship products more cheaply from its refinery in Mazeikai, Lithuania, Dziennik Gazeta Prawna reported today.
PKN Orlen SA , Poland’s largest oil company, will fully start a hydrocracker unit at its refinery at Plock, Poland, on April 20 after maintenance, the company’s press office said today in an e-mailed statement.
PKN Orlen SA, Poland’s largest oil refiner, reported a second-quarter net loss of 5.25 million zloty ($1.66 million), compared with a profit of 1.17 billion zloty a year earlier, as the weakening zloty increased the cost of its foreign currency denominated debt, offseting the positive effect of rising refining margins and oil prices.
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