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Poland's Treasury Minister Wieslaw Kaczmarek said Monday that U.K.- based Rotch Energy Ltd. has failed to provide credible financial guarantees for its offer to purchase 75% of shares in Poland's second- largest oil company, Rafineria Gdanska, for an estimated Zl1.3 billion ($272 million). The state agency Nafta Polska has been negotiating with Rotch since late 2001 on its offer to purchase the refinery and invest another $1 billion by 2004. From London, Rotch Energy CEO Keyvan Rahimian said he had not seen Kaczmarek's remarks, which were carried on an Internet chat group operated by daily newspaper Gazeta Wyborcza. --Patricia Koza www.TheDeal.com