A Polish oil concern increased sales to Ukraine by 62% in six months.

Wednesday, August 30, 2023
A Polish oil concern increased sales to Ukraine by 62% in six months.

According to the Warsaw Stock Exchange, the Orlen company sold $513M in products to Ukrainian companies. In the second quarter of this year, compared to last year’s corresponding period, sales in Ukraine decreased by 8.2% to $234.2M. It is also indicated that Orlen directly increased sales to Ukraine in the year’s first half to $280.5M. In total, the sales of the Polish company in the first half of the year jumped by 79.1% to $41.4B.

Since February 2023, after the expiration of the contract with Rosnefta, the supply of Russian oil covered only about 10% of the company’s need for this raw material. “These were only pipeline supplies for which no international sanctions were imposed,” the company said.

At the end of February 2023, the Russian side suspended the supply of raw materials through the Druzhba pipeline to Poland, which led to the termination of the last contract with Tatnafta for the pipeline supply of oil to Poland.

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