Mazeikiai refinery PKN Orlen bought Brent for the first time – Refinitiv Eikon

Mazeikiai refinery PKN Orlen bought Brent for the first time – Refinitiv Eikon

Mazeikiai refinery PKN Orlen bought Brent for the first time - Refinitiv Eikon

MOSCOW (Reuters) – The Mazeikiai oil refinery in Lithuania, controlled by the Polish oil and gas concern PKN Orlen, bought a small batch of North Sea Brent crude for the first time, the Refinitiv Eikon system showed and traders said.

A batch of 40,000 tonnes of Brent arrived at the port of Butinge for the Mazeikiai refinery on September 1, data from the Refinitiv Eikon system showed.

PKN Oreln purchased the batch from the Klesch Group, traders believe.

The Mazeikiai Refinery has historically processed marine Urals shipments, but this year the Russian blend has risen sharply, and some grades on the European market, on the contrary, have become more available, which allowed PKN Orlen to expand the basket of grades for processing at the refineries.

So, this year the refinery began to regularly purchase Kazakhstani oil CPC Blend. Market participants believe that this is due to the attractive price of the Caspian mixture.

(Olga Yagova, editor Ludmila Zaramenskikh)

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