Kulczyk Oil Ventures Considers Russian Exploration, CEO Tells Puls Biznesu

Kulczyk Oil Ventures Inc., the exploration company controlled by Jan Kulczyk, Poland’s richest man, may consider investing in oil deposits in Russia, Chief Executive Officer Tom Elliott told Puls Biznesu.

Kulczyk Oil Ventures plans to raise $265 million from an initial public offering on the Warsaw Stock Exchange. The company is scheduled to take orders for its offering from April 28 to May 13, according to the IPO document.

To contact the reporter on this story: Monika Rozlal in Warsaw at mrozlal@bloomberg.net.

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