Poland has cancelled the last contract for the supply of Russian oil: statement by the head of Orlen

Polish oil refiner Orlen has cancelled its last crude oil supply contract with Russian company Tatneft. This happened a few days ago.

The head of Orlen, Daniel Obaytek, said this on the Polsat TV channel. "There were two agreements. We have been reducing our purchases all the time," he said.

Obaytek added that one contract with Rosneft expired in January, and the Polish company did not extend it. "The second contract is with Tatneft. After the visit of US President Joe Biden, when oil stopped coming in, we had a dispute to terminate the contract. On this basis, we cancelled this contract without penalties," he said.

The Orlen CEO explained that the terms of the contract stipulated that if there was no oil supply for a certain period of time, the company had the right to terminate the contract. As a result, Orlen did not pay twice for undelivered oil.

Recall that at the end of February, Russian oil was stopped being supplied through the Druzhba pipeline to Poland. This was considered to be the Kremlin's response to the 10th package of sanctions imposed by the European Union (EU). Orlen said that the Russian side was responsible for the suspension of the shipment of raw materials.

PKN Orlen is the largest Polish oil refining company engaged in the production, refining and sale of oil and petrol in Poland, the Czech Republic, Germany and the Baltic States.

As previously reported by OBOZREVATEL, OPEC+ oil producers have announced a further reduction in oil production by about 1.16 million barrels per day. This decision may increase the revenues of the terrorist country Russia from oil sales.

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