Poland’s PKN Orlen to continue with shale gas projects despite writedowns

The CFO of Poland’s biggest oil company PKN Orlen, Slawomir Jedrzejczyk, said the company will continue with Polish shale gas exploration despite booking impairments on the projects in H1. A writedown on domestic shale gas activities reduced its second-quarter earnings by almost a quarter. State-controlled Orlen, following its bigger international competitors, is changing its view…

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