Orlen, a Polish oil company, signs a one-year contract with BP for 6 mln tonnes of oil

According to a Monday announcement, the Polish refiner Orlen has agreed to receive 6 metric tonnes of oil per year from British energy giant BP.

Orlen, a Polish refiner, said that the deliveries of North Sea crude oil will cover approximately 15% of Orlen’s needs and that both companies are willing to work together on future joint projects.

In a press release, BP Polska's CEO Bogdan Kucharski stated that "we count on Orlen for future projects aimed to accelerate energy transformation".

Poland produces most of its power from coal but plans to reduce this share due to increasing carbon emissions costs.

Polish refiner diversifies its oil portfolio by sourcing supplies from Great Britain, Norway and the United States as well as the Persian Gulf, West Africa, and the United States.

A contract for 5 million tons of crude oil per year with Rosneft expires in 2025.

In September, the first tanker carrying oil purchased from BP will arrive in Poland.

(source: Reuters)