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2012.11.13 10:31

PKN Orlen seeks arrangement with Russian companies

DELFI EN | The Lithuania Tribune2012.11.13 10:31

Poland’s PKN Orlen is on talks attempting to reach an agreement with Russian companies, Rosneft and Lukoil on crude supplies, Orlen’s representatives have confirmed. By engaging in direct talks, the Polish firm hopes to seal a deal with Russia on supplies numbering 10 million tons of crude oil every year, PAP Polish agency reported today.

Poland’s PKN Orlen is on talks attempting to reach an agreement with Russian companies, Rosneft and Lukoil on crude supplies, Orlen’s representatives have confirmed. By engaging in direct talks, the Polish firm hopes to seal a deal with Russia on supplies numbering 10 million tons of crude oil every year, PAP Polish agency reported today.

Additionally, PKN Orlen’s public relations department explained that “2 crude oil supply contracts concluded with Souz Petroleum and Mercuria Energy Trading will expire at the end of this year. Taking this into account, we are holding talks, which are confidential until closed and we cannot inform about their details,” the PR representative concluded.

For their part, neither Rosneft nor Lukoil would confirm or deny the Polish reports made on November 12th, Russia’s portal Neftegaz.ru featured on its Internet page. In further information, the Russian portal also described that the contract with PKN Orlen could be finalised with both companies or with at least, one of them. Rosneft and Lukoil have no direct supplies of their oil to PKN Orlen.

Mercuria Energy Trading was slated to supply PKN Orlen with 4.8 million tons of crude oil per year in 2010-2012 under the contract concluded with the Polish oil firm. At the same time, Souz Petroleum would supply it with around 2.4 million tons annually.

Currently, PKN Orlen refines between 14 and 17 million tons of crude oil each year.

Lithuania Tribune