ORLEN has signed a contract with bp for the supply of 6 million tonnes of crude oil from Norwegian fields in the North Sea over twelve months. This will cover about 15 per cent of the annual demand of the entire ORLEN Group for this feedstock.

The agreement is structured to provide ORLEN Group flexibility of supply, with crude oil cargoes directed to the Polish port of Gdańsk and the Lithuanian port of Būtinga, depending on demand. The first oil tanker as part of the contract is expected to arrive in Gdańsk in September 2024.

"Working with bp, a stable and well-established player, is a key element in diversifying ORLEN Group’s feedstock portfolio. Notably, the oil we will acquire through this contract is not only of consistent quality and sourced from geographically close North Sea fields but also has properties that ensure high yields and is well-suited to the processing technologies at our refineries. This, in turn, enhances the economic efficiency of our production facilities. As part of our collaboration with bp, we will also explore other potential areas where we can work together," said Ireneusz Fąfara, President of the ORLEN Management Board.

"Our agreement to supply ORLEN with Norwegian crude oil is an important step for our business in Poland. It also helps enhance energy security for Poland and the wider Central and Eastern European region. Through our trading team we are able to supply not only North Sea crudes but also access many of the other types of oil ORLEN uses. We also look forward to working with ORLEN on future opportunities to advance the energy transition," said Bogdan Kucharski, Head of Country, bp Poland.

From the fields in the North Sea, ORLEN receives oil grades such as Forties and Brent from UK, and Oseberg, Johan Sverdrup, Troll, Grane, Brent and Ekofisk from Norway. It also receives volumes of WTI, Bakken and Mars grades produced in the United States. As part of its diversification, the company also receives oil supplies from the Persian Gulf and Forcados and Bonny Light crude oil imported by the company from West Africa.

About Orlen S.A.

Orlen S.A. is an integrated, multi-utility company, operating in Central Europe and Canada. We provide energy and fuel to over 100 million of Europeans, while our advanced products are marketed to over 100 countries across 6 continents.
We pursue strengthening our position of a regional leader in energy transition by implementing clean and sustainable technologies, as well as power generation based on low- and zero-emission sources. Our actions are driven by a strategic goal of reaching emission neutrality by 2050.

About bp

bp (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.

About bp in Poland

bp has been growing dynamically in Poland for more than 30 years and is the market leader in fuel retailing, operating more than 570 stations with innovative fuel and non-fuel offerings.

The bp Group is also present in Poland with the CASTROL brand - the market leader in oils and lubricants, with Lightsource bp - one of the largest developers of solar power in Poland, and with Air BP Aramco (formerly LOTOS Air BP), which supplies fuel to selected airports in Poland.