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Aramco Moves Into Russia’s Backyard With Polish Oil Deal

  • Saudi producer agrees to boost oil sales to Poland’s PKN Orlen
  • Aramco buys Polish refinery stake and agrees to fuel supply
Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia.

Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia.

Photographer: Simon Dawson/Bloomberg

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Saudi Aramco’s agreement to supply almost half of Poland’s oil will give the world’s biggest crude exporter a stronger foothold in a region that Russian producers have long dominated.

Aramco will buy 30% of a refinery on the Baltic coast, as well as a wholesale fuel unit. It also signed a long-term delivery deal with Polish refiner PKN Orlen SA.