Czech Industry Ministry Says To Keep Control Of Oil Pipelines


PRAGUE, June 2 (Reuters) - The Czech government will keep control of oil and oil product pipelines and will not consider allowing Poland's PKN Orlen to take ownership stakes in them, the Industry and Trade Ministry said on Monday after a meeting of government and company officials.

The ministry said in a statement the two sides agreed to set up a working group to consider options for the future development of Czech oil refineries.

"The option of PKN Orlen's entry into Czech crude oil and crude products pipelines is not in play," Industry and Trade Minister Jan Mladek said in the statement.

PKN owns a majority stake in oil and chemicals firm Unipetrol, which holds a majority in the oil refining firm Ceska Rafinerska.

Czech Finance Minister Andrej Babis told Reuters in April that PKN Orlen had proposed combining those assets with the state's pipeline firms.

(Reporting by Jan Lopatka; Editing by Jason Hovet)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Controls Specialist
Expertise: Project Management
Location: Minneapolis
United States Duncan Mfg: Material Coordinator I - Material Coordinator III
Expertise: Materials Management
Location: Duncan, OK
United States Duncan Mfg: Material Handler - Material Handler II
Expertise: Materials Management
Location: Duncan, OK
search for more jobs

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours