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Poland's PKN Orlen says supply secure as Russian oil suspended

TVN24 News in English

OrlenAbout 50 percent of the oil PKN imports for its Polish refinery comes from Russia, while Lotos relies on Russian deliveries for 73 percent of its needs

Poland's biggest oil refiner PKN Orlen has no plans at the moment to tap strategic state oil reserves after supplies from Russia stopped overnight, as it has enough crude from other sources, a board member said on Thursday.

Poland and Germany earlier suspended imports of Russian oil via the Druzhba pipeline, citing poor quality, triggering a rare crisis over supply from the world's second-largest crude exporter.

Speaking at a news conference in Warsaw, PKN Orlen board member Zbigniew Leszczyński said the company had "full control" over ensuring the continuity of production.

A spokesman for Poland's second-biggest refiner Grupa Lotos said it was not using state strategic oil reserves either, but was ready to do so if necessary.

About 50 percent of the oil PKN imports for its Polish refinery comes from Russia, while Lotos relies on Russian deliveries for 73 percent of its needs.

PKN management said during a call with analysts on Thursday that it expected Russian oil supplies to start again in one or two weeks.

The company will receive all oil by sea to the Baltic port of Gdansk until supplies from Russia via pipeline resume, it added in a written statement.

Autor: gf / Źródło: TVN24 News in English, Reuters

Źródło zdjęcia głównego: Orlen

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