Orlen reaches agreement with Aramco on ordering additional five crude oil tankers

Orlen has reached an agreement with its partner Aramco on an order for five additional crude oil tankers from the North Sea and secured alternative supplies from the SPOT market to Orlen Lietuva, PKN Orlen CEO Daniel Obajtek said on Wednesday.

PKN Orlen fully secures crude oil supplies to refineries in Poland, the Czech Republic and Lithuania. Supplies of the raw material are made on an ongoing basis. At the moment of suspension of supplies from the eastern direction, supplies will be realized from alternative directions – the company said.

It added that PKN Orlen reached an agreement on increased supplies of 5 additional tankers from Saudi Aramco. Moreover, ORLEN Lietuva has secured supplies of crude oil grades from the North Sea.

Continuity of operations of our refineries and Poland’s energy security are our priority. We are in regular contact with our partners, global crude oil producers, and we are able to secure supplies from alternative directions. We are already using spot purchases to secure the operation of our refineries. This is possible as the Management Board and I have been focusing on diversification of raw material supplies for four years now. Additionally, as the only refinery in this part of Europe, we have full storage facilities in salt caverns in our company IKS Solino, which additionally secure and strengthen our independence,” PKN Orlen CEO Daniel Obajtek said, quoted in the communiqué.

 

Source: PortalMorski.pl

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