Polish fuel leader will not extend Russian oil contract

TL;DR

Polish fuel leader will not extend Russian oil contractPKN Orlen, Poland's leading fuel company, will not prolong its oil supply contract with Russia's Rosneft, which expires in January, the company CEO has said."For a few years now, Orlen has been establishing global relations and diversifying (supply - PAP) directions," the CEO added.Last week PKN Orlen's spokesperson, Edyta Olkowicz, announced that the company "will stop fulfilling the other contract for the supply of Russian oil in 2023, as soon as (EU - PAP) sanctions are imposed, which we are prepared for."Orlen quit purchases of Russian oil transported on tankers when Russia invaded Ukraine in February 2022.Olkowicz also said that currently Orlen's refineries in Poland, the Czech Republic and Lithuania obtained 70 percent of its crude from non-Russian sources, which compares to an almost 100 percent reliance on Russia in 2015."

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