Orlen signs 12-month deal with Equinor for supply of 15% oil it uses
1. Orlen signed a long-term contract with Equinor for crude oil supply. 2. The contract covers 15% of Orlen's annual crude oil demand.
FAQ
Why Bullish?
This contract increases EQNR's oil sales and enhances revenue stability, akin to previous contracts boosting share value.
How important is it?
The significant volume of crude oil involved is crucial for EQNR's revenue, enhancing its market standing.
Why Long Term?
The long-term nature of the contract solidifies future cash flow and market position for EQNR.