POLAND TO PRIVATIZE DOWNSTREAM ASSETS

Poland will place all its downstream petroleum assets on the auction block early next year. Polish authorities have approached 26 international oil companies and state companies from members of the Organization of Petroleum Exporting Countries about participating in the bidding. Most of the 26 companies showed interest in the Polish market. Structured horizontally with each segment of the industry controlled by a single state entity, the market requires 334,000 b/d of crude oil.

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