WARSAW: Poland’s oil refineries will fully reinstate their emergency crude oil stocks in the first quarter of next year after they were permitted to use them when supplies from Russia clogged due to contamination, the energy ministry stated on Monday.
In April, buyers exposed that supplies of Russian crude had been polluted with organic chloride, a chemical used in oil recovery that can harm refining equipment.
After the contamination was distinguished supplies of Russian oil via the Druzhba pipeline were adjourned for 46 days. During that time Polish refineries possessed by state-run companies PKN Orlen and Lotos depended on sea borne oil supplies from sources other than Russia and also utilized emergency stocks.
The energy ministry stated on Monday that in response to the refineries’ requirements, it had allowed them to decrease their emergency oil stocks by a total of 1.1 million tonnes.
“This action permitted for smooth operations of the refineries during the interruption of supplies … Full retrieval of the emergency stocks will take place in the first quarter of 2020,” the energy ministry stated in a statement.
The ministry and the International Energy Agency (IEA) stated that currently Poland’s total emergency crude oil stocks, comprising both owned by the industry and the government, were above the IEA-needed level of 90-days.
“Emergency crude oil stocks in Poland are therefore adequate and according to information provided to the IEA by the Polish Administration, these stocks have not been dirtied by the Russian contaminated crude and thus continue to meet quality prospects,” IEA stated in a declaration.