Sergei Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to the Sputnik radio station on oil supplies to Poland.
For the first time in history, the Polish concern Orlen has signed a long-term contract for the supply of crude oil from the United States. The agreement was signed with ExxonMobil. It provides about one million tons of crude oil during the year. This oil will be used for the needs of oil refineries in Poland, the Czech Republic and Lithuania.
At the same time, Kondratiev believes that Russia remains the largest oil supplier for Poland.
“When Poland starts transshipment of this oil and processing at its facilities, we will see some price characteristics and understand how these supplies can be profitable or unprofitable. In principle, this, it seems to me, reflects the main direction for Polish oil companies in overall for Poland to maximize the diversification of oil supplies and, in fact, to reduce oil supplies from Russia. Poland over the past five years has made quite a lot of efforts to increase supplies from the Middle East countries, buying oil from Saudi Arabia, from the United States on the spot ", he said.
"I would say that after all, deliveries via the Druzhba pipeline remain the most cost-effective and attractive, because this is the oil for which Polish refineries were designed, and because, in general, this is the most economically optimal way of supplying oil, which does not require transshipments in Gdansk," he added.
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