Orlen Seeks Diversified Crude Supplies Amid Saudi Pipeline Disruption

Poland's Orlen SA, the largest oil company in the European Union's east, is scrambling to find new sources of crude as a Saudi pipeline delivering oil via the Red Sea was damaged by a drone strike.

The Middle East conflict has disrupted deliveries from key partner Saudi Arabia, prompting Chief Executive Officer Ireneusz Fafara to seek alternative supplies on the spot cargo market in the short term.

Orlen's goal is to tap into new sources of oil for the long-term, but the immediate priority is to replace the halted deliveries and minimize disruptions to its operations.

No specific timeline or target was mentioned by Fafara for achieving this goal.