RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Aramco Trading signed supply agreement with Poland’s leading oil refiner

Share on Twitter Share on LinkedIn
Christian Fernsby |
Aramco Trading
Middle East   Aramco Trading

Aramco Trading, the trading subsidiary of Saudi Aramco, signed an agreement for the supply of Arabian Crude Oil to Poland’s leading refiner, PKN Orlen, in exchange for a similar volume of high sulfur fuel oil from the Polish refiner.

The agreement demonstrates Saudi Aramco’s strategy to place set volumes of crude oil across different geographies, maintaining a healthy balance between third party customers and affiliated outlets.

The agreement was signed this afternoon by President and CEO of Aramco Trading, Mr. Ibrahim Al-Buainain and Executive Director of Trading Grzegorz Markiewicz from PKN Orlen.

It was signed in the presence of Saudi Aramco CEO Amin H. Nasser and PKN Orlen CEO Daniel Obajtek at a ceremony hosted by Saudi Aramco at its Dhahran headquarters.

The agreement paves the way for a further expansion of Saudi Aramco’s well established partnership and collaboration strategy while diversifying PKN’s crude oil supplies and securing new outlets for their products.

What to read next
POST Online Media Contact