Weekly news:

OIL & PETROCHEMICALS

CZECH REPUBLIC & SLOVAKIA

Czech Unipetrol refinery Paramo net profit down 83% last year at CZK 36 mln

Czech retail fuel prices drop; top-selling Natural 95 at CZK 25.59/liter

POLAND

Political, economic situation in Ukraine "complicated," large projects on hold – Polish president

Polish oil firm Petrolinvest posts net loss of PLN 268.5 mln in Q4 2008

Polish fuel firm PKN Orlen’s ratings downgrade by Fitch Ratings "not surprising" – analyst

Fitch downgrades Polish refiner PKN Orlen to BB+, rating remains on watch negative

Polish oil refiner Grupa Lotos sees oil processing flat in 2009 despite planned production halt

Polish refiner Grupa Lotos’ Q1 result unlikely to be affected by global economic crisis – CFO

Polish oil refiner Grupa Lotos posts PLN 903.8 mln net loss in Q4

GAS

CZECH REPUBLIC & SLOVAKIA

RWE planning new EUR 80 mln gas pipeline in Czech Republic – press

Slovakia prepared for any suspension of Russian gas supplies – Economy Minister

HUNGARY

Hungary, Croatia to connect natural gas pipeline systems

POLAND

US-based FX Energy signs agreement with Polish gas monopolist PGNiG on drills in Poland

PRESS: RosUkrEnergo unlikely to restart gas deliveries to Polish gas monopolist PGNiG

Polish gas monopolist PGNiG wants swift signing of Russian gas supplies contract for 2009

Poland’s supplies of natural gas from eastern direction drop to 78% of contracted amounts

Polish gas monopolist PGNiG disappoints with PLN 310 mln Q4 net loss

COAL

POLAND

Polish coal miner Kompania Weglowa’s net profit down 56% y/y in January

HEAT, POWER & SEWAGE

CZECH REPUBLIC & SLOVAKIA

CEZ power production from biomass a third higher in CR in 2008

PRESS: CEZ prepares non-public bond issue for a single buyer

Czech utility CEZ disappoints with 2008 results, surprises with MOL stock option reevaluation loss

Czech power distributor Bohemia Energy pre-tax profit up 185% last year, adds 6,000 gas clients

POLAND

PRESS: Poland wants to start investments in 2009 to prepare nuclear power plant construction

Polish power group Enea buys new shares in investment vehicle for PLN 10 bln project

Nb: This news report features only the headline of each news.

Agency Interfax