Insight

Aramco takes a holistic view of the European supply chain

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It has been a busy start to 2022 for Aramco, who have announced two significant dealings with European players in January. The first, acquiring a 30% stake in the Gdansk refinery, including a 100% stake in the associated wholesale business in Poland. The second, agreeing a crude supply deal with Klesch’s Kalundborg refinery in Denmark. Both deals have clear crude supply implications. However, these deals are not solely focused on crude, but show Aramco’s holistic approach to the European downstream value chain. Using our proprietary tools, we dig deeper into the rationale for this transaction.

Table of contents

  • What is in it for Aramco?
  • What is in it for the respective refinery owners, PKN and Klesch?
  • Key takeaways

Tables and charts

This report includes 3 images and tables including:

  • Poland diesel/gasoil demand vs NWE diesel/gasoil demand
  • Gdansk refinery 2023 NCM outlook
  • Kalundborg LS vs HS crude slate product yield

What's included

This report contains:

  • Document

    Aramco takes a holistic view of the European supply chain

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