Equinor and ORLEN Sign Three-Year Norwegian Crude Supply Deal

Oilprice.com··NOPLLT·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Equinor has signed a three-year agreement to supply crude oil to Poland's ORLEN from the Johan Sverdrup field. The deal takes effect at the beginning of September and covers annual deliveries of between 5 million and more than 9 million tonnes of crude, with the option for ORLEN to receive other Norwegian Continental Shelf grades. Financial terms were not disclosed. At the upper end of the range, Norwegian crude could account for as much as one-quarter of ORLEN's annual oil requirements. The crude will be supplied to ORLEN refineries in Poland, Lithuania and the Czech Republic.

Impact on assets 5

Energy Transition & Power Demand▲ · 1 stocks
Energy▲ · 1 stocks
Equinor ASA ADR
EQNR
▲ PositiveDemandrelevance

Equinor signs a three-year deal to supply crude from Johan Sverdrup to ORLEN, securing product demand for its Norwegian crude.

Artificial Intelligence▲ · 1 stocks
Others▲ · 2 stocks
⛏Brent Crude Oil Futures
BRENT
± MixedSupplyrelevance

The deal adds Norwegian crude supply to ORLEN, potentially affecting global supply dynamics but not directly impacting Brent futures.

⛏Crude Oil WTI Futures
WTI
± MixedSupplyrelevance

The deal adds Norwegian crude supply to ORLEN, potentially affecting global supply dynamics but not directly impacting WTI futures.

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