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    PKN Orlen to cease imports of Russian oil definitely

    Estimated reading time: 2 minutes

    PKN Orlen, Poland’s state-owned fuel company, will quit using Russian oil should further sanctions on its import be imposed, the company’s CEO, Daniel Obajtek, said on Wednesday.

    The Polish government has been at the forefront of an international campaign to introduce a total embargo on Russian carbon fuels owing to Russia’s war on Ukraine.

    “PKN Orlen is prepared to withdraw completely from Russian oil if its imports are further sanctioned,” Obajtek said. He added that 90 per cent of Orlen’s oil now came from other sources than Russia, “which made withdrawing from Russian imports easier.”

    Orlen’s oil supply contract with Russia, which foresaw annual supplies to the tune of 3.6 million tonnes, expired in January.

    On December 5, 2022, the EU issued a ban on imports of Russian oil to the bloc in response to Russia’s invasion of Ukraine in February of that year.

    Poland’s oil now comes from the North Sea, West Africa, the Mediterranean, and the Persian and Mexican Gulf.

    Orlen’s leading oil import partner now is Saudi Aramco, with whom the company has sealed a supply contract to cover 45 per cent of its overall oil needs.

    New EU sanctions on Russian fuels will come into force on February 5.

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