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Search resuls for: "Poland's PKN"


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The southern branch of the Druzhba pipeline supplies Hungary, Slovakia and the Czech Republic. The EU imposed an embargo on Russian oil purchases via maritime routes from December. Hungary, Slovakia and Czech Repubic were, however, allowed to continue Russian oil imports as critical feedstock. Oil supplies via a section of the southern Druzhba pipeline were temporarily suspended in November following shelling on a power station which provides electricity for a pump station. The Druzhba pipeline crosses Belarus and Ukraine and remains an income source for both countries which receive transit fees.
Persons: Unipetrol, Poland's PKN, uninterruptedly, PKN Orlen, Emelia Sithole Organizations: European Union, EU, MOL, Reuters, Minsk, Thomson Locations: MOSCOW, Ukraine, Russian, Europe, Russia, Moscow, Hungary, Slovakia, Czech Republic, Druzhba, Czech, Belarus, Kiev, Adria, Ukrainian
WARSAW, March 6 (Reuters) - Poland's PKN Orlen (PKN.WA) will demand compensation after Russia halted oil deliveries to Poland via the Druzhba pipeline in late February, Chief Executive Officer Daniel Obajtek said on Monday, without giving further details. "... Russians stopped pumping oil to Poland...so we will now take legal action and demand claims," he told private Radio Zet. He declined to give a value for potential compensation saying he could not discuss details of company contracts. Last March, Poland pledged to stop using Russian oil by the end of 2022, the same time as PKN's long-term contract with Rosneft (ROSN.MM) expired. Last week Prime Minister Mateusz Morawiecki said Poland would cut its oil imports from Russia to close to zero in February-March from around 10% of the oil refined by PKN at the beginning of 2023.
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