PKN Orlen signs annex to lucrative deal with Rosneft

Poland's largest refiner PKN Orlen has signed an annex to the deal of June 2013 with Russia's Rosneft Oil Company, the firm informed in a statement. The agreement provides for the supply of between 2.9 million to 5 million metric tons of crude oil for the Czech unit, Unipetrol RPA in Litvinov. The deliveries will be realized starting from July 1, 2016 to June 30, 2019, a statement read. Previously, PKN Orlen had a contract for the supply of some 18 million tons of crude oil, with deliveries scheduled between February 1, 2013 and January 31, 2016. Apart from commercial considerations, this continued cooperation with Rosneft Oil Company, which builds on the company’s first long-term crude oil supply contract signed directly with the producer, guarantees long-term supply stability.