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NIGERIAN OIL TO BE EXPORTED TO POLAND AFTER BEING SELECTED OVER RUSSIAN'S OIL.
By Chioma Okwu

Poland’s biggest crude oil refiner has closed an exportation crude oil deal with Nigeria as it is to receive its first ever shipment from Nigeria in November.

CEO of PKN Orlen, Mr Daniel Obajtek said “Nigeria is our new source of supplies we are exploring. Currently, a batch of 130,000 tonnes of Nigerian oil is on its way to Poland. It is expected to arrive at Naftoport (in Gdansk) in mid-October,” PKN’s Chief Executive  told Reuters in an interview last week.

“If tests confirm the assumed yields structure and margins, further oil supplies from Nigeria will be a viable option,” he said.

According to the Sun News Online, Poland seeks to lower its dependency on Russian supplies and also to diversify its supplies. This is as a result of the declining quality of Russian Urals Crude.

Obajtek also said “There are also tankers sailing to us from other new directions, but at this stage it is too early to talk about it. We are holding discussions on medium- and long-term oil supply contracts with a number of parties, including US partners”.

“Generally, the lower quality may impact contract prices, as it affects our yields,” Obajtek said but made no comment on whether PKN is negotiating new contract prices.

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