Poland's PKN Orlen buys Birchill to double Canadian output

PLOCK, Poland (Bloomberg) -- PKN Orlen SA, Poland’s biggest oil company, agreed to buy Birchill Exploration Ltd to double its crude production in Canada. Orlen, which in September bought Canada’s TriOil Resources Ltd for C$183.7 million ($169 million) in its first foreign expansion into oil production, plans to complete the transaction by the end of June, the state-controlled company said in a regulatory statement.


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Poland's PKN Orlen buys Birchill to double Canadian output Poland's PKN Orlen buys Birchill to double Canadian output Reviewed by Crude Oil Brokers on 13:15 Rating: 5

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