Nov 14, 2024 / 08:00AM GMT
Bartos Magdalena - Orlen SA - Vice President of the Management Board - Finance
(audio in progress) demand weaker, economic performance, performance of economies in Europe drives the prices down but also oversupply from territories from suppliers producing on gas feedstock as compared to NASA feedstock. So feedstock that is structurally cheaper and more attractive, makes it more difficult for European producers to compete in the market.
And that is probably one of the key dilemmas of the management team currently as well as it is within the petrochemicals segment that we deliver. We currently are delivering our largest investment in all of this projects. We currently have got 3.8 billion spent in the petrochemical segment out of 5.6 billion planned for this year. And you must have seen announcements from us last week where -- when we announced that. Our analogy of the project continues, and we will come back to you with conclusions until the end of the year.
And the energy sector. The energy, we've got a new piece of information within related to energy segment and that is our EB day
Q3 2024 Orlen SA Earnings Call Transcript
Nov 14, 2024
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