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17.03.2010 Cooperation of PGNiG SA and PETROLINVEST to Focus on the EmbaYugNeft Licence

PGNiG SA and Petrolinvest S.A. have decided to focus their strategic cooperation on the EmbaYugNeft licence and on the implementation of future exploration and production projects in Kazakhstan.  

Michał Szubski, President of the Management Board of PGNiG SA, said: "We got to a point where our priorities should be identified. For this reason we agreed to concentrate on one project, the EmbaYugNeft licence. I believe this will be beneficial for both PGNiG SA and Petrolinvest."

Paweł Gricuk, President of the Management Board of Petrolinvest S.A., stated: "I would like to thank PGNiG very much for supporting Petrolinvest's geological work in Kazakhstan. I truly hope that our joint efforts connected with EmbaYugNeft and further projects in Kazakhstan will bring great benefits for both parties."

 

Joanna Zakrzewska

Spokesperson for PGNiG SA

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