Exxon Sells Two Shale Concessions to Poland’s PKN

Reuters reported that Exxon has sold two shale gas exploration concessions to Polish refiner PKN Orlen, although the price was not disclosed.

As quoted in the market report:

The deal, subject to approval from the environment ministry which handles exploration permits in Poland, marks PKN’s growing leverage in developing resources that could help Poland cut its dependence on Russian supplies.

To view the whole Reuters report, click here.