Russian state-run oil company Rosneft (ROSN.RS) said Friday that it has signed a $15 billion deal to supply Poland with 6 billion tons of crude oil a year through January 2016 through the Druzhba pipeline.
Russian state-run oil company Rosneft (ROSN.RS) said Friday that it has
signed a $15 billion deal to supply
Poland
with
6 billion tons of crude oil a year through January 2016 through the Druzhba
pipeline.
In all, the contract is for approximately 18 million tons of oil, which will be
purchased by PKN Orlen (PKN.WA), owner of the Plotsk refinery. The contract
increases the annual amount of crude oil travelling through the northern branch
of the pipeline to 13 million tons.
The company also said in late January it signed contracts to supply crude oil
to
Germany
via
the pipeline, which will be purchased by units of Total SA (TOT) and Royal
Dutch Shell PLC (RDSB), which hold interests in
Germany
's PCK
Schwedt refinery. A similar contract is expected to be signed soon with Eni SpA
(E) which also holds a stake in the refinery, Rosneft said.
The contract with Total is through
Dec. 31, 2015
and the contracts with Shell and Eni continue
through 2013 but can be extended and delivery volumes increased.
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