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Saudi Arabia overtakes Russia as Poland’s primary oil supplier

18:38

Saudi Arabia overtakes Russia as Poland’s primary oil supplier
Source: Pixabay

Saudi Arabia has replaced Russia as Poland's main oil supplier, according to the National Bank of Poland (NBP) in a report on the balance of payments in the second quarter. The NBP states that overall, imports from Russia have been largely replaced by imports from Saudi Arabia, Denmark, and Norway. In the second quarter of 2023, Middle East deliveries constituted 49.0% of oil imports.

The report also notes a significant increase in imports from Denmark, attributed to gas deliveries through the Baltic Pipe pipeline launched in the fourth quarter of 2022. Norway's import value more than doubled compared to the previous year, driven by increased importance in oil imports (34.0% of delivery volume in Q2 2023), as well as natural gas and petroleum product deliveries.

Source: obserwatorfinansowy.pl

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