**BP to Supply Norwegian Crudes to ORLEN Refineries**
In a strategic move aimed at enhancing energy security for Poland and the wider Central and Eastern European region, energy giant BP has entered a 12-month contract to supply Norwegian crude oil to ORLEN’s refineries in Poland and Lithuania. This agreement is part of a broader effort by ORLEN to diversify its feedstock portfolio and ensure consistent and high-quality oil supply for its processing facilities.
Under the terms of the contract, BP will deliver approximately 6 million tonnes of crude oil per year from its North Sea fields off the coast of Norway. This volume represents about 15% of ORLEN’s total annual feedstock requirements. The agreement is structured to provide ORLEN Group with flexibility in supply management, with crude oil shipments directed to either the Polish port of Gdańsk or the Lithuanian port of Būtinga, depending on regional demand.
The first delivery of the Norwegian crude is expected to arrive in Gdańsk in September 2024, marking the beginning of a critical period in ORLEN’s ongoing efforts to enhance the economic efficiency of its refineries. BP’s oil supplies will include various grades such as Forties and Brent from the UK, as well as Oseberg, Johan Sverdrup, Troll, Grane, Brent, and Ekofisk from Norway. Additionally, ORLEN will continue to receive US-sourced West Texas Intermediate (WTI), Bakken, and Mars grades, alongside imports from the Persian Gulf and West Africa, including Forcados and Bonny Light crude oil.
#### Diversification Efforts
ORLEN has been actively pursuing a policy of diversification to reduce its dependence on any single source of crude oil. This approach is particularly noteworthy given the company’s decision to abandon imports of Urals oil following Russia’s invasion of Ukraine. By the end of 2023, ORLEN had completely ceased processing Russian crude at its Polish refineries, showcasing