Energy, Oil & Gas

Equinor, Orlen sign major crude supply deal

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Bo B Randulff / Woldcam - Equinor ASA

Equinor has signed a three-year agreement with Poland’s Orlen to supply crude oil from the Johan Sverdrup field, strengthening Norway’s role in Europe’s energy security.

The deal, starting in September, covers annual supplies of between 5 million and more than 9 million tonnes, with the option to supply other Norwegian crude grades.

The oil will support Orlen refineries in Poland, Lithuania and the Czech Republic.

“This agreement is another example of how energy from the Norwegian continental shelf contributes to security of supply for Europe. We are very pleased to strengthen our relationship with Orlen through this agreement for sales of crude to their refineries in Poland, Lithuania and the Czech Republic,” said Irene Rummelhoff, Equinor’s executive vice president for Marketing, Midstream and Processing.

Orlen President Ireneusz Fąfara said the agreement could provide up to one-quarter of the group’s annual crude demand, strengthening access to stable Norwegian supplies.

“A secure future begins with decisions made in advance. That is why we are strengthening the Orlen Group’s access to stable sources of crude oil from Norway, which may account for up to one-quarter of our annual demand,” Fąfara said.

Johan Sverdrup, Norway’s largest oil-producing field, is a major contributor to European energy supply and benefits from power-from-shore infrastructure that significantly reduces production emissions.

The agreement builds on wider Equinor-Orlen cooperation and Norway’s growing energy partnership with Poland, spanning oil, natural gas, LNG and renewable energy.

Equinor is also developing offshore wind projects with Polenergia, while its Wento subsidiary is expanding solar, onshore wind and battery storage activities in Poland. -OGN/TradeArabia News Service