Orlen awaits spot delivery from Saudi Arabia

PKN Orlen is expecting a first spot oil delivery from Saudi Arabia at the beginning of November, Jacek Krawiec, the refiner's CEO said at a press conference. Krawiec explained that in line with Orlen's procedures, a spot contract is signed ahead of a long-term deal, in order to conduct a trial delivery. This particular agreement was reached with Saudi Aramco, he pointed out. "We hope that it will be the beginning of a fruitful cooperation," Krawiec concluded. Orlen is in the early stages of establishing a long-term tender procedure, hence it plans to increase the number of spot contracts. Igor Sechin, the CEO of Russia's largest oil company Rosneft said in mid-October that Saudi Arabia entered the Polish market with supplies via Gdańsk.