Already 90 % of the oil processed by ORLEN Group comes from countries other than Russia. This is the result of intensive efforts to diversify supplies. Thanks to the acquisition of reliable trade partners, PKN ORLEN is prepared to completely abandon Russian oil if further sanctions on its import are introduced.
“The development of the ORLEN Group goes hand in hand with an increase in the raw material and fuel security of Poland and the entire region. The condition for both is the diversification of supplies of crude oil and other energy resources. That is why, over the past few years, we have been intensively building global relationships that have allowed us to open new directions for oil imports to our plants in Poland, Lithuania and the Czech Republic. In this way, we have broken our historic dependence on Russian crude, which as recently as 2015 accounted for almost 100 % of the oil going to ORLEN Group refineries. Currently, it is only 10 %”, said Daniel Obajtek, CEO of PKN ORLEN.
The ban on Russian oil imports to the European Union, which came into force on 5 December 2022, covers only supplies by sea. PKN ORLEN had already stopped importing Russian crude by ship since the outbreak of the war in Ukraine.
As part of its diversification strategy, PKN ORLEN is building its import portfolio based on crude oil supplies from the North Sea, West Africa, the Mediterranean Basin and the Persian and Mexican Gulf. The Company’s key partner is currently Saudi Aramco, the largest oil producer in the world. In 2022. PKN ORLEN and Saudi Aramco signed a strategic cooperation agreement, which ensures that the Polish company will be supplied with enough crude oil to cover approximately 45 % of the total demand of all ORLEN Group refineries.