​Unipetrol RPA signed an amendment to the contract with PKN ORLEN the subject of which is the supply of Russian Export Blend (REBCO) to the Czech Republic from Tatneft. Unipetrol RPA has now secured REBCO crude oil supplies from Rosneft and Tatneft until 2019.
'By signing the contract amendment with PKN ORLEN we extended the validity of the existing contract until the end of 2019. Together with the contract for the REBCO crude oil supply from Rosneft, we have now secured up to 100 % of the required volume of REBCO oil,' says Andrzej Modrzejewski, Unipetrol CEO and Chairman of the Board.
On the basis of the signed amendment, the Tatneft Oil Company will deliver a total of min. 1,620 to max. 3,960 million tons of crude oil to Unipetrol RPA in the period from January 1, 2017 to December 31, 2019, depending on Unipetrol RPA's offtake possibilities. Agreed REBCO crude oil volumes will be supplied to the Czech Republic through the Druzhba pipeline.

Unipetrol has now signed two long-term contracts for REBCO crude oil supply. Beyond the scope of the contract signed today, Unipetrol RPA signed another contract with PKN ORLEN regarding REBCO crude oil supplies from Rosneft in June this year. Unipetrol is using the advantages of joint crude oil purchase within the ORLEN Group. PKN ORLEN purchases roughly 30 million tons of crude oil per year, exercising therefore a significant purchasing power.

Russian Export Blend (REBCO) crude oil is processed in the Litvinov refinery. The capacity of the refinery is 5.4 million tons of crude oil per year.

UNIPETROL, a.s. controls companies, which are active in the petrochemical industry in the Czech Republic. In 2005, UNIPETROL became part of PKN ORLEN Group, the largest processor of crude oil in Central Europe. UNIPETROL Group is mainly focused on processing of crude oil, distribution of fuels and petrochemical production. In all of these areas, UNIPETROL Group is an important player in the Czech Republic as well as on the market in Central Europe. In the Czech Republic, the group is one of the most important companies with regards to turnover and employs almost 4,500 people.

Contact:

Mikuláš Duda

Press Department Manager, UNIPETROL, a.s.

Phone: +420 225 001 407, +420 736 502 520

E-mail:mikulas.duda@unipetrol.cz

Unipetrol a.s. published this content on 13 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 December 2016 16:17:03 UTC.

Original documenthttp://www.unipetrol.cz/en/media/pressreleases/Pages/REBCO-oil-supplies-.aspx

Public permalinkhttp://www.publicnow.com/view/30B393F2F266BB85FE57D6652F5F22BB3F68E865