Aramco Trading signs Supply Agreement with “PKN Orlen”

Posted On April 11th, 2019 - 12:26 pm | by Oil and gas press

Aramco Trading expands collaborations in key European markets by signing Supply Agreement with “PKN Orlen”, Poland’s leading oil refiner. Agreement highlights Saudi Aramco’s commitment to the Polish market and its strategy to enhance the integration of its downstream network in Europe.


Saudi Aramco is expanding collaborations in key European markets to produce critical feedstock for industry and essential fuels that meet the needs of the region’s economy.


Aramco Trading, the trading subsidiary of Saudi Aramco, today signed an agreement for the supply of Arabian Crude Oil to Poland’s leading refiner, PKN Orlen, in exchange for a similar volume of high sulfur fuel oil from the Polish refiner.

The agreement demonstrates Saudi Aramco’s strategy to place set volumes of crude oil across different geographies, maintaining a healthy balance between third party customers and affiliated outlets.

The agreement was signed this afternoon by President & CEO of Aramco Trading, Mr. Ibrahim Al-Buainain and Executive Director of Trading Grzegorz Markiewicz from PKN Orlen. It was signed in the presence of Saudi Aramco CEO Amin H. Nasser and PKN Orlen CEO Daniel Obajtek at a ceremony hosted by Saudi Aramco at its Dhahran headquarters.

The agreement paves the way for a further expansion of Saudi Aramco’s well established partnership and collaboration strategy while diversifying PKN’s crude oil supplies and securing new outlets for their products.

Source / More : Saudi Aramco

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