33.5 C
Georgia
Wednesday, June 12, 2024

Poland plans to cancel contracts with Russian oil giants

Poland: The Polish Government's Secretary of State, Government Plenipotentiary for Strategic Energy Infrastructure, Piotr Naimski, announced on a local radio channel on Friday, April 22, that Poland is discussing regarding the cancellation of all of the oil supply contracts with Russia.

- Advertisement -spot_img
- Advertisement -spot_img

Poland: The Polish Government’s Secretary of State, Government Plenipotentiary for Strategic Energy Infrastructure, Piotr Naimski, announced on a local radio channel on Friday, April 22, that Poland is discussing regarding the cancellation of all of the oil supply contracts with Russia.

During the radio show, when asked whether Warsaw plans to cancel oil supply contracts with Russia, Naimski said that there are such plans. There is a plan to terminate oil contracts. This is entirely plausible. Anyone who produces crude oil could potentially be a source of supply for Poland, he stated.

Advertisement

“About 26-27 million tonnes of oil are refined at Gdansk and Plock refineries,” the official said, adding that “about 60% of this oil now flows from Russia” and that if Russian oil deliveries are halted, Polish refineries will be able to switch to another source of oil.

“Of course, this action will be expensive because changing contracts in this current situation when many purchasers will be searching for a resource all over the globe will push the cost up, at least for some time. We all will have to pay this price. This is the price of our participation in the war,” he stated.

Orlen, one of the largest refining companies in Poland, has already long-term contracts on oil supplies with

Poland’s largest refining company Orlen has long-term contracts on oil supplies with Russian companies Rosneft and Tatneft. In the former case, it stipulates the supply of up to 300,000 tonnes of oil per month and expires in December 2022, while in the latter case, it stipulates up to 200,000 tonnes of oil to be delivered each month and expires in December 2024.

Orlen receives oil supplies from all Russian oil companies through pipelines. Poland is considering replacing Russian oil supplies by signing contracts with Saudi Aramco with oil supplies from Nigeria, Angola, the North Sea region and offshore Norway.

- Advertisement -spot_img
Latest news
- Advertisement -
Related news
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here