See also:
Agreements between ORLEN Capital Group and Socar group
01-09-2014

Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 1 September 2014 it signed a spot agreement with Socar Trading S.A., Geneve, Switzerland, company belonging to Socar group, for crude oil deliveries to Unipetrol RPA, s.r.o.

The total estimated value of agreements signed between PKN ORLEN and PKN ORLEN subsidiaries (“ORLEN Capital Group”) and companies from Socar group in the last twelve months amounts to approximately PLN 2 450 million. The agreements between ORLEN Capital Group and companies from Socar group were concluded for the purchase of crude oil and sales of fuels.

Agreement dated 19 May 2014 is the agreement with the highest amount from among all agreements concluded between ORLEN Capital Group and companies from Socar group in the last twelve months. The estimated value of the agreement amounts to approximately USD 74 million (i.e. approximately PLN 226 million, based on the average PLN/USD exchange rate as of 19 May 2014, as stated by the National Bank of Poland). The agreement was concluded between PKN ORLEN and Socar Trading S.A. and concerned crude oil deliveries to Unipetrol RPA, s.r.o.

Unipetrol RPA s.r.o. is a company, in which 100% of shares is held by Unipetrol a.s. PKN ORLEN owns ca. 63% share in Unipetrol a.s.

In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned agreements constitute a “significant agreement” due to the fact that their total value exceeds 10% of PKN ORLEN’s equity.


Go back to previous page.
Investor relations

The latest news via:





E-mail:


Stock-exchange quotations.
28-03-2024
PKN 2.13% 65.08
WIG 1.45% 82745.58
WIG20 1.72% 2436.05
WIG30 1.59% 3022.06
WIG-PALIWA 2.09% 6659.93
Data delayed by 15 minutes.
 

OUR BRANDS