Home / Business and Economy / Orlen Swaps Saudi Crude for North Sea Oil Amid Conflict
Orlen Swaps Saudi Crude for North Sea Oil Amid Conflict
15 Sep
Summary
- Orlen is seeking alternative oil supplies due to Middle East conflict escalation.
- The Polish firm purchased several crude oil cargoes in spot tenders.
- North Sea, U.S. WTI Midland, and Kazakh grades are being considered.
Polish integrated oil company Orlen is urgently securing alternative crude oil sources, pivoting away from disrupted Saudi imports. Escalation of the conflict in the Middle East has prompted the firm to seek supplies from the North Sea and other distant locations.
In recent days, Orlen purchased several crude oil cargoes through spot tenders. These acquisitions include North Sea grades such as Grane, Johan Sverdrup, and Johan Castberg. The company is also exploring grades from further afield, like U.S. WTI Midland and Kazakh CPC Blend, to ensure supply continuity.
While Orlen declined to comment on specific commercial transactions, a spokesperson confirmed that adjusting and optimizing purchase volumes is a standard operational practice. Feedstock deliveries to Orlen's refineries are currently proceeding without any disruption.
