Equinor Secures Three-Year Crude Supply Deal with ORLEN
Equinor, Norway's largest energy company, has signed a three-year agreement to supply crude oil to Poland's ORLEN. The deal covers annual deliveries of between 5 million and over 9 million tonnes of crude from the Johan Sverdrup field.
The contract takes effect in September and allows ORLEN to receive other crude grades produced on the Norwegian Continental Shelf. Financial terms were not disclosed, but at the upper end of the agreed range, Norwegian crude could account for up to a quarter of ORLEN's annual oil requirements.
ORLEN refineries in Poland, Lithuania, and the Czech Republic will receive the crude, providing the Central European refiner with a longer-term source of oil as it diversifies its energy supply. This deal reinforces Norway's growing strategic role in European energy markets following the reduction in Russian oil and gas flows to the region.
Equinor and ORLEN already cooperate across several parts of the energy market, including pipeline gas supplies from Norway to Poland, LNG deliveries, and renewable energy projects. Equinor is also developing offshore wind projects with Polish utility Polenergia, while its Wento subsidiary builds onshore wind, solar, and battery storage projects in Poland.