PKN Orlen buys 1 mln oil barrels from Iran

PKN Orlen bought 1 million barrels of Iranian Light crude oil, which will be shipped by sea to Gdansk’s Naftoport in January 2017, the company said in a statement released to the Polish press on Wednesday.  “[We] aim to build business relationships with the largest oil producers in the world and open [up] supply [routes],” the statement read. The shipment will be delivered to the refinery in Płock. PKN Orlen recalled in the statement that in the last two years the company has started sourcing diverse types of oil from the Gulf region, Iraq and Saudi Arabia. “From the middle of this year,  Arab oil gained a permanent position in the portfolio of raw materials for the refining company...in May we concluded an agreement with Saudi Aramco, [and] in November it was extended for another year,” the statement added. PKN Orlen has indicated that it is technologically prepared to process more than 80 different types of crude oil around the world. It has long-term contracts with producers that include Rosneft Oil Company, Tatneft Europe and Saudi Aramco.