23rd December 2011
Monday, May 21st, 2012
Orlen signs zł.19.4 billion oil delivery deal with Souz Petrolium
Polish oil refiner PKN Orlen has signed a new long-term contract for deliveries of crude oil supplies to its Płock plant with Geneva-based Souz Petrolium. The Polish firm values the deal at approximately zł.19.4 billion.
The agreement will run from January 1, 2012 through 2014 and is expected to deliver around 2.4 million tons of crude oil per year. It replaces Orlen's previous contract with petroleum trading firm Petraco, valid from September 29, 2011 to December 22 of this year, which amounted to zł.20.5 billion, reports daily Parkiet.
“This time, we have been able to negotiate better terms of business compared with those afforded by the previous agreement: a better price plus a number of other terms favorable to PKN ORLEN, such as a guarantee of alternative deliveries," said Orlen CEO Jacek Krawiec in a statement.
From Warsaw Business Journal
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