No. 269/2016  |  07-12-2016

Increase in volume of deliveries and extension of contractual period with Tatneft Europe AG on crude oil deliveries to Unipetrol RPA

PKN ORLEN S.A. („PKN ORLEN”) informs that on 7 December 2016 it signed with Tatneft Europe AG, Switzerland („Tatneft”) an annex (“Annex”) to the agreement signed on 16 June 2016, which extends the contractual period and increases the possible maximum volume of the crude oil delivered by Tatneft to Unipetrol RPA in Litvinov. 

According to Annex Tatneft will deliver to Unipetrol RPA in Litvinov a crude oil in the quantity from 1,620 m tonnes to 3,960 m tonnes in the period between 1 January 2017 and 31 December 2019. Price of the crude oil to be delivered, as per standard market practice, will be calculated with the use of Brent Dated index and Urals differential.