Nafta Polska has completed a development plan for the heavy chemical industry. It is now being considered by the treasury.
The key question is financing. Treasury minister Wiesław Kaczmarek has said that consultations are currently under way with Nafta Polska. It is not yet known when a plan will be presented to the cabinet.
Nafta Polska was to have used proceeds from the sale of refineries to reform the chemical industry and in particular the plastics manufacturing. Most of this was to have come from the sale of the Gdansk refinery. The deadline to reach an agreement came and went on 15 January and still the British Rotch Energy has not come up with the cash or a suggestion of where it is to get it from. In view of what may turn out to be yet another privatisation debacle, it would seem that voices in the treasury arguing for a merger between PKN and the Gdańsk refinery (RG) are getting stronger. Nafta Polska was also expecting to raise some funds from the sale of a 17.6 percent stake in PKN Orlen but that deal also seems to be fading.