PKN Orlen

Energy
WSE:PKN
Poland
www.orlen.pl

[email protected]

"A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian oil and gas industry. So far, National Iranian Oil Company (NIOC) has signed spot contracts for crude sales to Lotos S.A. and PKN Orlen while negotiations have also begun with another Polish oil giant for investment in Iranian oil and gas industry." (Mehr News Agency, "Largest Polish Oil Company En Route to Tehran," 1/10/2017).

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"Poland's biggest oil refiner PKN Orlen said on Wednesday it bought 1 million barrels of Iranian Light oil from National Iranian Oil Company (NIOC). The state-run PKN, which mostly refines Russian oil, said that the Iranian oil will be delivered to Naftoport in Gdansk in January and then transported to PKN's refinery in Plock. "The processing of the feedstock most recently delivered from Iran will be a basis for further plans regarding supplies from that direction," PKN said in a statement." (Reuters, "Poland's PKN says buys 1mln oil barrels from Iran," 12/20/2016).

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"Poland's largest oil refiner PKN Orlen has delivered a gas condensate cargo of Iranian origin for its Mazeikiai refinery in Lithuania, traders said on Friday. It's not clear if PKN has violated international sanctions against Iran by supplying the cargo. The company declined immediate comments. Traders said that the 122,000-tonnes cargo was shipped to the port of Butinge." (Reuters, "Poland's PKN delivers Iran's gas condensate for its refinery-traders," 4/24/15)