Polish authorities want to return the stake in the Gdansk oil refinery sold to Saudi Aramco – Kommersant
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Deputy Prime Minister of Poland Wladyslaw Kosiniak-Kamysh believes that the deal concluded in 2022 to sell a 30% stake in the Gdansk oil refinery to the Saudi company Saudi Aramco. According to him, the country’s previous authorities did the wrong thing by giving away “national treasure” to foreign business.
At the end of the year before last, the largest Polish oil refining company Orlen entered into an agreement to sell 30% of the Gdansk refinery to the state oil company of Saudi Arabia, Saudi Aramco. Aramco took a 30% stake in the refinery, 100% of its wholesale business and 50% of the jet fuel business of BP Europa SE, which operates at seven Polish airports. .
The current Polish authorities, as noted BusinessAlert, are now investigating the deal and looking for the possibility of terminating it. The reason was information that a stake in the Gdansk Oil Refinery was sold for $1.25 billion below its market value. According to Mr. Kosinyak-Kamysh, it is necessary to create a special commission that will check the legality of the transaction.
Read about the details of the deal in the Kommersant article. “Poland is promised a sea of oil”.
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