Orlen’s contract with Rosneft expires in January 2023. Under this agreement, Rosneft supplies Orlen with 300,000 tons of crude oil per month. Under the second contract with Tatneft, the Polish company buys 200 thousand. tons of oil per month and the contract with this Russian supplier ends in December 2024.
“Orlen’s long-term contract expires in January Russian oilwhich we will not extend. As a result, about 90 percent. of the processed oil will come from outside Russia. For several years Orlen has been establishing global relationships, diversifying directions. One of the pillars of stable supplies is cooperation with aramcoObajtek wrote on Twitter.
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As we recently wrote on Business Insider, Orlen still imports large quantities of gas from Putin’s country and processes it into fuel for Polish drivers. In the last, third quarter, it earned more than a billion zlotys on the price difference between Russian oil and that quoted on the London market.
Last week, PKN Orlen spokeswoman Edyta Olkowicz announced that Orlen will not extend the long-term contract, which expires in January 2023. However, the only existing contract for the supply of Russian oil in 2023 will cease to be implemented when will the sanctions be introduced? , “what are we prepared for”.
See also: The oil embargo from Russia is in effect. It can end with traffic jams in the seas and oceans
As the president of PKN Orlen previously pointed out, the company does not have the legal right to terminate long-term contracts for the supply of Russian oil, and this is possible only if sanctions are imposed on supplies of raw materials from Russia.
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As he recalled Orlen resigned from supplying Russian oil by sea at the start of Russia’s armed attack on Ukraineand many major European manufacturers have done the same.
“Currently, 70 percent of the feedstock for all Orlen Group refineries in Poland, the Czech Republic and Lithuania comes from alternative directions to Russia, and also in 2015, almost 100 percent at the Orlen Group refinery. the oil came from Russia” – said the spokeswoman of PKN Orlen.
