Polish oil, gas firms start joint venture

Two Polish oil and gas firms agreed Friday to pursue a joint prospecting mission for fuel and gas exploration.

Fuel firm PKN Olren and PGNiG gas company signed a letter of intent for cooperation in fuel and gas prospecting and extraction, Polish PAP news agency reported.

The two companies are going to prospect for gas and oil in Kazakhstan, Azerbaijan , the Middle East and North Africa. Cooperation in gas prospecting in Poland is also planned. PKN and PGNIiG are considering participating in the creation and utilization of an liquified natural gas terminal.

Source: news.monstersandcritics.com