-- Poland's PKN Orlen acquires German retail outlets from BP Polski Koncern Naftowy Orlen SA (PKN Orlen) signed an agreement to acquire 494 retail outlets in northern and northeastern Germany from BP PLC for 140 million euros cash, which includes assumption of debt for the stations. PKN Orlen is Poland's largest fuel manufacturer and distributor
-- OPEC agrees to hike production quota and reduce cheating In a move to improve their market credibility, ministers of the Organization of Petroleum Exporting Countries agreed Thursday to raise their collective production quotas by 6%, or 1.3 million b/d, while urging stricter compliance with production limits.
-- France outlines details of gas market liberalization France's Regulatory Commission for Electricity says there is a need for more comparability between Gaz de France(GdF) and third parties on natural gas tariffs to establish better access for competition.
-- Monthly US LNG imports expected to top 1 bcfd in 2003 Despite strengthening US natural gas prices and additional LNG supplies from Trinidad and Tobago, increasing US LNG imports this year likely will be offset by US natural gas exports-imports elsewhere.
-- Premcor names new president Henry M. Kuchta has been named president of Premcor Inc. Most recently, Kuchta served as the company's executive vice-president, refining, and as chief operating officer.