UNIPETROL, a.s. (“Unipetrol”) informs that on 30 June 2016, UNIPETROL RPA, s.r.o. and PKN ORLEN S.A. signed an agreement (“Agreement”) for crude oil deliveries from the resources of Rosneft Oil Company, in the quantity of minimum 2.9 million tons and maximum 5 million tons per year to UNIPETROL RPA, s.r.o. The Agreement is valid from 1 July 2016 to 30 June 2019.
Furthermore, Unipetrol informs that on 30 June 2016, UNIPETROL RPA, s.r.o. and PKN ORLEN S.A. signed an agreement (“Agreement”) for crude oil deliveries from the resources of Tatneft, in the quantity of 600 thousand tons to UNIPETROL RPA, s.r.o. The Agreement is valid from 1 July 2016 to 30 June 2017.
The contracted volumes can cover from 65% up to 100% of Unipetrol's total demand for this type of crude oil, depending on the economics of the contracted deliveries in relation to the market conditions prevailing at a given time.
Price of the crude oil to be delivered, as per standard market practice, shall be calculated using Brent Dated index and Urals differential.
In Prague, 30 June 2016
UNIPETROL, a.s.
Regulatory announcement No. 18/2016