23:07 GMT +323 September 2017
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    Polish PKN Orlen eyes Mazeikiu nafta stake - board chairman

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    VILNIUS, November 12 (RIA Novosti, Vladimir Vodo) - The PKN Orlen Polish oil refinery is interested in buying the Lithuanian government-controlled stake in the Mazeikiu nafta oil concern, PKN Board Chairman Igor Chalupec said Saturday in an interview with RIA Novosti.

    Chalupec said the company was interested to buy a part of the 40.66% share owned by the Lithuanian government. He added that these were not shares owned by Yukos.

    PKN Orlen is interested to form a consortium with a Russian or Western oil company to buy into Mazeikiu nafta.

    Earlier, Lithuanian Prime Minister Algirdas Brazauskas said that talks on the sell-off of the Mazeikiu nafta stake would be conducted primarily with the Russian-British TNK-BP. Nonetheless, the Lithuanian government does not rule out negotiations with other companies.

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