Poland, Warsaw
Polish extraction company, PGNiG and the biggest domestic fuel producer
and distributor, PKN Orlen, have signed a letter of intent to perform
together on investments and projects in the field of oil and gas
extraction and logistic infrastructure related to these sectors.
Included in the letter is a commitment to conduct negotiations with
regard to activities aimed at increasing the sales of compressed
natural gas (CNG) for supply to vehicles. The two companies will
establish a coordination team by the end of this month with a view to
reporting to the respective boards of the companies within a few months.
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