PKN Orlen of Poland Buys Birchill to Double Canadian Oil Output

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PKN Orlen SA, Poland’s biggest oil company, agreed to buy Birchill Exploration Ltd to double its crude production in Canada.

Orlen, which in September bought Canada’s TriOil Resources Ltd for C$183.7 million ($169 million) in its first foreign expansion into oil production, plans to complete the transaction by the end of June, the state-controlled company said in a regulatory statement today. Orlen, based in Plock, Poland, didn’t disclose the purchase price.