First US oil tanker after embargo lift reaches Poland

Almi Explorer, a US tanker transporting 100,000 tonnes of crude oil from West Texas Intermediate to Polish oil giant PKN Orlen, has reached its destination in Gdańsk, PKN Orlen stated. It is the first shipment of oil from the US to Poland after the US forty-year-long embargo on oil exports was lifted in 2015. Apart from its long-term agreements with Rosneft Oil Company, Tatneft Europe AG and Saudi Arabian Oil Company, Orlen has sourced its oil from many other countries, including Iran, Iraq, Azerbaijan, Kazakhstan, Nigeria and Norway. PKN Orlen manages six refineries in Poland, Czech Republic and Lithuania, as well as extracts oil in Poland and in Canada. It posted consolidated profits of PLN 79.55 billion in 2016. The company has been listed on WSE since 1999.