Agreement at a Glance
| Item | Detail |
|---|---|
| Date / Venue | 29 May 2025, Warsaw |
| Signatories | Serhii Koretsky, CEO, Naftogaz Group Ireneusz Fonfara, CEO, Orlen |
| Document | Memorandum of Understanding on Strategic Cooperation |
Scope of Cooperation
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Upstream Development
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Joint exploration and production of oil and gas fields in Ukraine and potentially third markets.
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Infrastructure Restoration
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Technical and financial collaboration to rebuild energy assets damaged during hostilities.
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Energy Trade and Logistics
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Coordinated supply of natural gas and refined products between Poland and Ukraine.
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Evaluation of cross-border storage and transit opportunities.
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Future Projects
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Assessment of additional ventures under Orlen’s US $90 billion investment plan (through 2035), with Naftogaz as a regional partner.
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Executive Comments
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Serhii Koretsky, Naftogaz:
“This memorandum sets the stage for a fundamentally higher level of cooperation with one of Central Europe’s leading energy companies.” -
Ireneusz Fonfara, Orlen:
Emphasised the strategic value of combining Orlen’s regional footprint with Naftogaz’s domestic expertise to accelerate post-war recovery and asset modernisation.
About Orlen
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Core Activities: Oil & gas production, refining, retail, and power generation.
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Regional Presence: Poland, Czechia, Slovakia, Lithuania, Germany, and now expanded collaboration with Ukraine.
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Capital Plan: US $90 billion allocated to growth and transformation through 2035.
The memorandum signals a deepening Poland–Ukraine energy alliance aimed at strengthening regional supply security and expediting reconstruction of Ukraine’s energy infrastructure.
