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Although Russian oil is the cheapest for the refinery, access to additional sources would give the Polish concern a long-term option: Orlen has signed a long-term oil supply agreement with Saudi Aramco.
Furthermore, the Czech Unipetrol de Orlen has reached a preliminary agreement with the Croatian Jadranski Naftovod for the supply of raw materials to the Adria pipeline. This could become an alternative to oil imports through the Druzhba and IKL pipelines.
Orlen now has 57 percent. Raw materials for its processing plants are purchased from Russia under long-term supply contracts, about 8 percent. – from Saudi Arabia and the rest on the spot market.
Saudi oil is “lighter” but has more sulfur, which is why Orlen considers it similar to the Russian Urals.
According to Bloomberg, Orlen may be forced to consider suspending the refinery at Mažeikiai if the refining margin continues to decline.
Orlen’s subsidiary in Lithuania is one of the largest taxpayers in the country. Their exported fuels represent a significant part of our total exports.
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