PKN ORLEN fully secures crude oil supplies to refineries in Poland, the Czech Republic, and Lithuania. Raw material supply is being carried out on an ongoing basis. In the event of a suspension of supplies from the eastern direction, deliveries will be carried out from alternative directions. PKN ORLEN has reached an agreement for increased supply volumes of 5 additional tankers from Saudi Aramco. Furthermore, supplies of North Sea crude oil grades have been secured for ORLEN Lietuva. The continuity of operations of the ORLEN Group’s plants in Europe is and will be secured. This is primarily the result of diversification efforts carried out by the Concern over the last four years. Back in 2013, as much as 98% of the raw material processed in Płock was REBCO crude, i.e., from the east. Currently, this grade is processed in only about 50%, with the rest coming from, among others, Saudi Arabia, the USA, or West Africa.
– The continuity of our refineries’ operations and Poland’s energy security are our priority. We are in constant contact with our partners, raw material producers around the world, and we have the ability to secure supplies from alternative directions. We are already using spot purchase options on an ongoing basis to secure the operation of the refineries. This is possible because for four years, together with the management board, we have been strongly focusing on the diversification of raw material supplies. Additionally, as the only refinery in this part of Europe, we have full raw material storage in salt caverns at our company IKS Solino, which additionally secures and strengthens our independence – says Daniel Obajtek, CEO of PKN ORLEN.
Uninterrupted production in the refineries guarantees stable fuel supplies to the market. There is no shortage of fuel in Poland. PKN ORLEN additionally has the possibility of potentially balancing fuel supplies from both the two ORLEN Group refineries in the Czech Republic and additionally from the refinery in Mažeikiai. In the case of the plant in Lithuania, transport is possible both by rail and by sea.
All logistics processes related to fuel delivery are also secured within the ORLEN Group. There are no interruptions in the operation of terminals and storage bases. The Concern is prepared, and everyone will be able to buy fuel at the stations. This is the result of previously conducted investments and decisions made by the PKN ORLEN management board. In March 2021, the company OTP, the largest road carrier of liquid fuels in Poland, was acquired, which today allows the company full control over the product throughout the entire logistics chain. In turn, in June 2021, a fuel transshipment terminal in Mockava was purchased, thanks to which a large volume of production from the refinery in Lithuanian Mažeikiai can reach the Polish market. PKN ORLEN has its own railway company, KolTrans, which delivers fuel to practically all of the Concern’s bases across the country. For four years, storage capacity at PKN ORLEN terminals has also been increased.
Source: PKN ORLEN