Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses
Polish refiner Orlen has signed a long-term contract with Equinor for the supply of > 6 MMt of crude oil to its refineries covering about 15% of annual demand of the entire group, the company said on Friday.
Under the 1-yr contract, oil will be delivered from the Norwegian port of Mongstad starting next month. Shipments may be directed to refineries in Poland as well as to Lithuania and the Czech Republic, the refiner said.
"We are strengthening the energy security of Poland and the region as a whole. We have fully eliminated Russian crude from all our refineries, which was made possible through effective diversification of supply sources," Orlen CEO Ireneusz Fafara said in a statement.
Orlen refineries process feedstock from the Middle East and Persian Gulf, the North Sea, Africa, and the Americas.
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