Euroil Week 28 2020
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Issue 550 16•July•2020 Week 28
Polish mega-merger
Polish re nery PKN Orlen has secured EU approval to buy its rival Lotos, and has signed a preliminary deal to acquire Polish gas rm PGNiG.
Gazprom’s Q1 loss
Russia’s Gazprom has sunk to a rst-quarter loss on weak prices, ruble devaluation and a collapse in European gas demand.
End of an era
e Kinsale elds, which for many years were Ireland’s only source of domestic gas supply, have ceased production.
Refining weakness
France’s Total su ered its worst re ning margins in six years in the second quarter, because of the impact of COVID-19 travel restrictions.
