Risk of introduction of stricter quality requirements for petroleum products

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Risk of introduction of stricter quality requirements for petroleum products

– this risk involves potential difficulties in ensuring timely compliance with future quality standards. To mitigate this risk, we are monitoring proposed new standards and regulations which have a bearing on our production and trading operations; we closely follow the relevant plans of various authorities, institutions and international organizations such as the European Commission or the International Maritime Organization (IMO). Our work on Technical Committee 222 at the Polish Committee for Standardisation, responsible for petroleum products and process liquids, has provided us with an opportunity to voice our opinions on the proposed European standards during their drafting. We also have a say on quality requirements, in particular requirements applicable to engine fuels, through our participation in the work of the Polish Organization of Oil Industry and Trade (POPiHN).