Polish Energy Co. Expresses Interest

Polish Energy Co. Expresses InterestPolish Energy Co. Expresses Interest

Poland is ready to contribute to Iran’s oil and gas fields’ development plan said    Bogoslav Souzanski, manager of the Middle East department of the state-owned Polish oil and gas company Polskie Gornictwo Naftowe i Gazownictwo (PGNiG) SA said, Mehr news agency reported.

PGNiG is a leader in the Polish natural gas market. The company’s core business includes exploration and production of natural gas and crude oil, and through its key subsidiaries, import, storage, sale and distribution of gaseous and liquid fuels, as well as power generation. Referring to PGNiG cooperation with a Ukrainian Co. to supply Iran’s oil industry with special pieces of equipment, the Polish official reiterated that his company in the past was active in Lavan gas projects and is willing to return to Iran’s lucrative market as soon as the sanctions become history.

Highlighting PGNiG’s presence in Russia, Belgium, Pakistan, Belarus, and Ukraine, Souzanski noted,” Our company will open a representative office in Tehran to be able to manage its activities in Iran.”

The company’s operations include domestic natural gas and crude oil production, development of natural gas and crude oil fields in and outside Poland, import of natural gas to Poland, gas storage in underground facilities and distribution of gaseous fuels. Elaborating on collaboration with the Ukrainian Co. he stressed,” Not only are Ukraine and Poland close neighbors geographically speaking, but also they enjoy strong political ties which can result in active cooperation in Iran.”  

Tehran is under punitive economic sanctions because of its nuclear program. After talks in Lausanne, Switzerland, Iran and the P5+1 (Britain, China, France, Russia, the US plus Germany) reached a framework agreement on April 2 that calls for lifting all trade sanctions against Iran. The details of the agreement are to be finalized by a June 30 deadline.