PM to discuss investment plans with Orlen Lietuva's new CEO

PKN Orlen Lietuva

Lithuania's Prime Minister Saulius Skvernelis is going to Mažeikiai on Friday to meet with Michal Rudnicki, the new CEO of Orlen Lietuva, company operated by the Polish oil concern Orlen.

The prime minister's spokesman Tomas Beržinskas told BNS that the meeting would address the company's investment plans and the reconstruction of the Renge railway stretch – Lithuania's state-run railway company Lietuvos Geležinkeliai was last October fined nearly 28 million euros for removing the tracks and will rebuild it in 2019.

"The Polish investment is very important for Lithuania's energy security and we are happy that the business relations with Lietuvos Geležinkeliai resulted in mutually-beneficial cooperation," Beržinskas said.

Rudnicki, former chief of Ventus-Nafta filling station chain operated by Orlen, was appointed to the new position in late December, replacing Ireneusz Fafara.

Last year, Orlen Lietuva ended years of dispute with Lietuvos Geležinkeliai over freight haulage tariffs and terminated litigation.

Source: BNS
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