Supplies of Russian oil to Poland via the Druzhba pipeline have halted, Daniel Obajtek, chief executive officer of PKN Orlen, said on Saturday.
“We’re effectively securing supplies. Russia has halted supplies to Poland, for which we are prepared. Only 10 percent of crude oil has been coming from Russia and we will replace it with oil from other sources,” Obajtek wrote on Twitter.
PKN Orlen said it could fully supply its refineries via sea and that the halt in pipeline supplies would not impact deliveries of gasoline and diesel to clients.
For all the latest headlines follow our Google News channel online or via the app.
As of February, after a contract with Russia’s Rosneft expired, Orlen has been getting oil under a deal with Russia’s Tatneft.
Druzhba has been exempted from sanctions which the European Union has imposed on Russia following its full-scale invasion of Ukraine.
The pipeline, which supplies oil to Poland and Germany, as well as to Hungary, Czech Republic and Slovakia, was excluded from sanctions to help countries with limited options for alternative deliveries.
Following the invasion of Ukraine and before the EU embargoed seaborne supplies from Russia, Orlen stopped buying Russian oil and fuels via the sea. The company’s supply portfolio now includes oil from Western Africa, the Mediterranean, the Gulf and the Gulf of Mexico, it said.
Orlen also has a supply contract with Saudi Aramco as of 2022.
Seaborne supplies reach Poland via an oil terminal in Gdansk on the Baltic Sea. Its capacity tops volumes that can be processed by Polish refineries and is in part used to supply oil to refineries in eastern Germany that are linked to Druzhba.
Read more:
EU ban on oil products will roil markets: Russia
IEA pulls up fossil fuel industry over failure to fix methane leaks
European gas falls below $53 as historic energy crisis recedes
-
Oman’s Abraj signs oil deal with Chevron, Kuwait Gulf Oil Company
Oman’s Abraj Energy Services said on Saturday it had signed a five-year ‘strategic partnership deal’ with Kuwait Gulf Oil Company and Saudi Arabian ... Energy -
Iraq signs exploration deals in bid to boost oil, gas production
Iraq signed several deals with foreign companies aimed at boosting the OPEC member’s oil and natural gas production in the coming years.The government ... Middle East -
UAE’s Crescent Petroleum to invest in natural gas and oil blocks in Iraq
Crescent Petroleum plans to spend hundreds of millions of dollars exploring for natural gas and oil in Iraq, as the country steps up efforts to boost ... Energy