Equinor Secures Three-Year Crude Deal with Poland's ORLEN

Norway's Equinor has signed a three-year deal to supply crude oil to Poland's ORLEN from the Johan Sverdrup field. The agreement, which starts in September, covers annual deliveries of between 5 million and more than 9 million tonnes of crude.

The contract also allows ORLEN to receive other crude grades produced on the Norwegian Continental Shelf. Equinor noted that at the upper end of the agreed range, Norwegian crude could account for as much as one-quarter of ORLEN's annual oil requirements.

The deal reinforces Norway's growing strategic role in European energy markets following a sharp reduction in Russian oil and gas flows to the region. Johan Sverdrup is currently the largest-producing oil field on the Norwegian Continental Shelf, with production that is electrified using power from shore.