05.10.2006
Reg. Yukos Oil Company
Yesterday, 4th October 2006, Cezary Smorszczewski and Cezary Filipowicz, Vice-Presidents at PKN ORLEN, met with Eduard Konstantynowicz Rebgun, an official receiver of Yukos Oil Company to primarily discuss the arbitration measures regarding crude oil supplies from Petroval.
Petroval was a company associated with Yukos Group which guaranteed supplies of crude oil by Petroval according an agreement with PKN ORLEN. Since Petroval did not meet its contractual obligations, PKN ORLEN has applied to Yukos Oil Company for a penalty payment.
Moreover, the discussion concerned the measures and results of a ruling by Eduard Konstantynowicz Rebgun of the US Bancruptcy Court verdict as of 26th May 2006.
