PKN ORLEN increases crude oil supplies to its Czech refinery
PKN ORLEN signed an annex with Tatneft Europe AG to the agreement for crude oil supplies to Czech refinery in Litvinov that provides the extension of contractual period and increases the possible maximum volume of the crude oil delivered.
According to Annex Tatneft will deliver to Litvinov refinery a crude oil in the quantity from 1,620 m tonnes to maximum 3,960 m tones. The contract will be valid from 1 January 2017 until 31 December 2019.
Tatneft Europe AG , headquartered in Switzerland, is a subsidiary of the Russian crude oil producer PAO Tatneft. In addition to the contract with Tatneft, PKN ORLEN secures deliveries to the Group’s refineries through long-term agreements with Rosneft Oil Company and Saudi Aramco.