April 30, 2019 / 11:35 AM / a month ago

UPDATE 1-Poland's Lotos will sustain oil supply over sea route

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WARSAW, April 30 (Reuters) - Poland’s second largest refiner Lotos said on Tuesday it will tap state strategic oil reserves and use oil imported by sea following Warsaw’s decision to stop importing contaminated Russian oil.

When asked if the company would be able to continue sea-borne imports, Grupa Lotos vice president for financial affairs Robert Sobkow said: “Yes, but it would cause a rise in costs.”

Lotos vice president Patryk Demski added that the company is assessing possible legal action against suppliers related to the contaminated oil.

Poland suspended imports of Russian oil via the Druzhba pipeline last week over concerns the supply was contaminated.

The pipeline issue has cut off a major supply route for Polish refineries owned by Poland’s PKN Orlen and Grupa Lotos, as well as plants in Germany owned by Total , Shell, Eni and Rosneft. (Reporting by Anna Koper; writing by Marcin Goclowski and Joanna Plucinska; editing by Jason Neely)

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