Aramco signs supply agreement with PKN Orlen
The agreement highlights Saudi Aramco’s commitment to the Polish market and its strategy to enhance the integration of its downstream network in Europe.
Aramco Tradin has signed an agreement for the supply of crude oil to Poland’s leading refiner, PKN Orlen, in exchange for a similar volume of high sulfur fuel oil from the Polish refiner.
The agreement demonstrates Saudi Aramco’s strategy to place set volumes of crude oil across different geographies, maintaining a healthy balance between third party customers and affiliated outlets.
The increased European presence also positions Saudi Aramco to supply critical feedstock to the European market.
PKN Orlen has a pre-existing crude oil supply agreement in place with Aramco Trading’s parent company, Saudi Aramco, which provides 74MBD Arabian Crude Oil to Poland’s premier refiner.
