Orlen orders crude oil from Iran

WSE-listed fuel group Orlen will receive a spot delivery of 130k metric tons of Iranian crude oil mid-April, the company said in a market filing. “Diversification is our priority when it comes to oil purchases. We are always looking for new directions and solutions, remembering that we must effectively combine the security of supply and production efficiency with commercial flexibility. Production tests carried out based on previous deliveries of Iranian oil gave excellent results in terms of efficiency, which opens the way to increase the share of this oil in our commodity portfolio,” CEO Daniel Obajtek said.