June 15, 2015 / 11:39 AM / 2 years ago

Poland's PKN Orlen's Canadian unit receives $121 million loan

WARSAW (Reuters) - Polish state bank BGK said on Monday it would grant a 150 million Canadian dollar ($121.41 million) credit to Poland's largest refiner PKN Orlen's PKNA.WA Canadian upstream unit.

"The credit will amount to 150 million Canadian dollars (around 453 million zlotys) and will allow to finance PKN Orlen's current activity and development plans regarding exploring and production of hydrocarbons in Canada," BGK said.

Reporting by Jakub Iglewski; Writing by Marcin Goclowski; Editing by Adrian Krajewski

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