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The head of Orlen announced the termination of Russian oil supplies to Poland

The head of Orlen announced the termination of Russian oil supplies to Poland
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Tuesday, 28 February, 2023, 18:48

Russia has stopped exporting oil to Poland, the missing supplies will be replaced, Daniel Obaitek, chairman of the board of the Polish oil refinery Orlen, said.

“Russia stopped oil supplies to Poland, for which we were fully prepared. Only 10% of raw materials came from Russia and we will replace it with oil from other directions,” he wrote on Twitter, adding that such a result is possible thanks to the diversification of supplies that has been carried out in recent years.

At the end of March last year, Prime Minister of Poland Mateusz Morawiecki announced plans to stop deliveries of energy carriers from Russia: to abandon Russian oil by the end of the year, and coal and gas by May. In April, Obaitek said that Orlen had reduced the share of Russian raw materials used at its refineries to 30%. On the day the hostilities began, February 24, Orlen suspended purchases of Russian oil shipped by sea and ordered 28 tankers from “alternative” destinations. The head of the company said that Orlen has three contracts with Russian suppliers, one of which expires in January 2023.

At the same time, in December 2022, Transneft President Nikolai Tokarev said that companies from Poland and Germany had submitted applications to Transneft for oil supplies via the northern branch of the Druzhba pipeline in 2023. The applications came after the statements of the authorities of these countries about plans abandon Russian pipeline oil.

After the start of the NWO in February 2022, the EU, the US and the UK began to abandon Russian oil and oil products. On December 5, 2022, the EU embargo on offshore oil supplies from Russia came into force, on February 5, 2023 – on oil products. At the same time, marginal prices began to operate at which unfriendly countries are ready to buy Russian oil and refined products. The oil price cap is set at $60/bbl. There are two ceilings for oil products: for more expensive oil products (for example, diesel fuel) – $100/bbl, for cheaper ones (fuel oil) – $45/bbl.

In response to the introduction of price ceilings, Russian President Vladimir Putin signed a decree at the end of December 2022 prohibiting Russian exporters from supplying oil and oil products under contracts that establish such a link. As a result, Russian oilmen began to build new supply chains.