PKN Orlen Earns $17.6 Million in First Quarter

Global Refining & Fuels Report: News from Europe / Africa	May 23, 2007
Theresa Ward, Managing Editor, Newsletter Group	E-mail

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Volume 11, Issue 11

Top Stories
EC Official: Climate Change, Biofuels Commanding Public Attention in Europe
Analyst: Gasoline Price Gouging Claim “Idiotic;” AAA Says Motorists Must Reduce Their Consumption
DCX Sells Controlling Stake in Chrysler to Cerberus Capital Management
European Experts Criticize Ethanol as Component in GHG Reduction Efforts
World Should Harmonize Biofuels Governance, Neste Exec Says
Bolivia Accepts Offer for Petrobras Refineries
Hart’s World Refining & Fuels Conference in Rio de Janeiro
Market Snapshot
Gasoil
Brent
News from Americas
BASF to Expand to Plants to Meet FCC Demand
Petrobras, Cade Reach Agreement on Ipiranga Assets
API Specialists, Statistics Speak for Industry Vilified for Pump Prices
Petrobras Earns $2 Billion in First Quarter
Tesoro Completes Purchase of Shell Refinery
News from Middle East / Asia
Lexus Launches New Hybrid Cars in Japan
Report: Syria, Noor to Reach Agreement on Refinery
Report: Essar May Build Refinery in Egypt
Toyota’s Full-Year Earnings Climb Nearly 20%
News from Europe / Africa
PKN Orlen Earns $17.6 Million in First Quarter
Nigerian Government Sells Stake in Port Harcourt Refinery
EU Energy Commissioner Calls for International Energy Efficiency Pact
OMV’s Earnings First Quarter Earnings Fall
DCX Earns Nearly €2 Billion in Q1
Cepsa Reports Preliminary Earnings of €207 million
OMV AG Considering Constructing a NExBTL Biodiesel Facility
Repsol YPF’s Earnings Climb 3%
Rosneft Affiliate Purchases Yukos’ Assets
Petroplus Reports 66.8% Lower Earnings for 1Q2007
Market Report
Futures Prices Fall Tuesday

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