Polish refiner PKN Orlen expects first ever shipment of Nigerian oil

Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as Poland seeks to reduce its reliance on Russian supplies.

State-run PKN Orlen, Poland’s biggest refiner, and smaller rival Lotos, which it is taking over, rely mostly on Russian oil delivered via pipelines built in the 1960s but both have increased purchases from other sources.

“Nigeria is our new source of supplies we are exploring. Currently, a batch of 130,000 tonnes of Nigerian oil is on its way to Poland. It is expected to arrive at Naftoport (in Gdansk) in mid-October,” PKN’s Chief Executive Daniel Obajtek said in an interview last week.

“If tests confirm the assumed yields structure and margins, further oil supplies from Nigeria will be a viable option,” he said. PKN Orlen signed a long-term agreement on regular oil supplies with Saudi Aramco in 2016 and since then both PKN and Lotos have also purchased oil from Iran and the United States.

Source: Reuters

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