Killajoules

Rosneft Signs Long-Term Supply Deals via Druzhba Pipeline
On February 1, 2013 Rosneft President and Chairman of the Management Board Igor Sechin visited Hamburg to sign a contract for supply of crude oil via the Druzhba pipeline to Poland, where the crude will be purchased by PKN Orlen, owner of the Plotsk refinery. The amount of the contract equals to ca. 15 billion USD at current prices. The contract envisages a supply volume of some 6 mln tonnes per year (totalling approximately 18 mln tonnes for the whole contract period). Delivery term for the contract is until January 31, 2016.

Agreements between PKN ORLEN and Glencore Energy UK Ltd
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 17 December 2012 it signed a spot agreement with Glencore Energy UK Ltd, London, United Kingdom („Glencore”) for delivery of crude oil to AB ORLEN Lietuva („ORLEN Lietuva”). The estimated net value of the agreement amounts to approximately USD 78 million (i.e. approximately PLN 243 million, based on the average PLN/USD exchange rate as of 17 December 2012, as stated by the National Bank of Poland).

PKN ORLEN has signed an agreement with Souz Petrolium for crude oil deliveries
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 22 December 2011 it signed an Agreement with Souz Petrolium SA headquartered in Geneva („Souz Petrolium”), for REBCO crude oil deliveries, in the quantity of 2,4 m tonnes per year, by “Przyjazn” pipeline to PKN ORLEN (“Agreement”). The Agreement is valid from 1 January 2012 to 31 December 2014. In some cases, described in the Agreement, the deliveries can be realized by sea to Gdansk.

PKN ORLEN has signed the agreement with Glencore Energy UK Ltd for delivery of crude oil
Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) hereby informs that on 22 November 2011 it signed spot agreement with Glencore Energy UK Ltd, London, United Kingdom („Glencore”) for delivery of crude oil to Unipetrol RPA, s.r.o. The estimated net value of the agreement amounts to approximately USD 83 million (i.e. approximately PLN 271 million, based on the average PLN/USD exchange rate as of 22 November 2011, as stated by the National Bank of Poland).

PKN ORLEN has signed an agreement with SOCAR for crude oil deliveries
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 26 October 2011 it signed a spot agreement with Socar Trading S.A., Geneve, Switzerland („SOCAR”) for crude oil deliveries to Unipetrol RPA, s.r.o (“Unipetrol RPA”). The estimated net value of the agreement amounts to USD 67 million (i.e. approximately PLN 211 million, based on the average PLN/USD exchange rate as of 26 October 2011, as stated by the National Bank of Poland).

PKN ORLEN has signed an agreement with Glencore Energy UK Ltd. for crude oil deliveries to ORLEN Lietuva
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 12 July 2011 it signed a spot agreement with Glencore Energy UK Ltd., London, United Kingdom („Glencore”), for crude oil deliveries to AB ORLEN Lietuva (“ORLEN Lietuva”). The estimated net value of the agreement amounts to approximately USD 82 million (i.e. approximately PLN 238 million, based on the average PLN/USD exchange rate as of 12 July 2011, as stated by the National Bank of Poland).

PKN ORLEN has signed an agreement with STASCO for crude oil deliveries to ORLEN Lietuva
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 24 June 2011 it signed a spot agreement with Shell International Trading and Shipping Company Limited, London, Great Britain („STASCO”), for crude oil deliveries to AB ORLEN Lietuva (“ORLEN Lietuva”). The estimated net value of the agreement amounts to approximately USD 82 million (i.e. approximately PLN 230 million, based on the average PLN/USD exchange rate as of 24 June 2011, as stated by the National Bank of Poland).

PKN ORLEN has signed an agreement with STASCO for crude oil deliveries to ORLEN Lietuva
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 10 January 2011 it signed a spot agreement with Shell International Trading and Shipping Company Limited, London, Great Britain („STASCO”), for crude oil deliveries to AB ORLEN Lietuva (“ORLEN Lietuva”). The estimated net value of the agreement amounts to approximately USD 67 million (i.e. approximately PLN 203 million, based on the average PLN/USD exchange rate as of 10 January 2011, as stated by the National Bank of Poland).

PKN ORLEN has signed an agreement with Glencore Energy UK Ltd. for crude oil deliveries to Unipetrol RPA
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 23 December 2010 it signed a spot agreement with Glencore Energy UK Ltd., London, United Kingdom („Glencore”), for crude oil deliveries to Unipetrol RPA s.r.o. (“Unipetrol RPA”). The estimated net value of the agreement amounts to approximately USD 39 million (i.e. approximately PLN 119 million, based on the average PLN/USD exchange rate as of 23 December 2010, as stated by the National Bank of Poland).

ORLEN Plans to Pursue Oil and Gas Exploration Opportunities in Ukraine
PKN ORLEN and the Ukrainian Ministry of the Environment have signed an agreement on cooperation in exploration and production of hydrocarbons in the territory of Ukraine. In accordance with the agreement, PKN ORLEN will be able either to work under new licences or to jointly develop some hydrocarbon reserves already appraised by its Ukrainian partners.