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Acquisition of 16.335% stake in Česká rafinérská from Shell
UNIPETROL, a.s. (“Unipetrol”) informs that on 7 November 2013 it signed a share purchase agreement (SPA) with Shell Overseas Investments B.V. (“Shell”) based on which Unipetrol will acquire from Shell 152,701 shares of ČESKÁ RAFINÉRSKÁ, a.s. (“Česká rafinérská”) amounting to 16.335% of the Česká rafinérská’s share capital (“Transaction”). The acquisition price for the shares in the amount of USD 27.2 million will be financed from own financial sources of Unipetrol.

date.png08 Nov 2013 05:43 | comments.png 0 Comments | tags.png czech europe refinery shell unipetrol [ More ]

Expected Stop Of Crude Oil Processing In Refinery Paramo
UNIPETROL, a.s. hereby announces that it does not plan to resume the atmospheric and vacuum distillation processing of crude oil and the hydrotreater desulphurization of middle distillates in the subsidiary refinery PARAMO, a.s.

The decision was reached through a comprehensive analysis of the current macroeconomic situation, including low refining margins, lower demand for diesel or refining overcapacity in Europe.

One of the factors is also low complexity of the Paramo refinery. The company’s oil, lubricant and asphalt products will continue to be produced from intermediate grade distillates shipped in from other refineries.

date.png03 Jul 2012 06:38 | comments.png 0 Comments | tags.png czech europe refinery unipetrol [ More ]

PKN ORLEN has signed an agreement with Star Oil FZE for crude oil deliveries to Unipetrol RPA
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 20 June 2011 it signed a spot agreement with Star Oil FZE, United Arab Emirates („Star Oil”), for REBCO crude oil deliveries by "Druzhba" pipeline to Unipetrol RPA, s.r.o. (“Unipetrol RPA”) in July 2011. The estimated net value of the agreement amounts to approximately USD 85 million (i.e. approximately PLN 239 million, based on the average PLN/USD exchange rate as of 20 June 2011, as stated by the National Bank of Poland).

date.png22 Jun 2011 07:37 | comments.png 0 Comments | tags.png czech pkn refinery unipetrol [ More ]

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).

date.png27 Dec 2010 06:25 | comments.png 0 Comments | tags.png czech glencore pkn-orlen refinery trading unipetrol [ More ]

Temporary reduction of processing capacity in Litvinov refinery
UNIPETROL, a.s. announces that processing capacity of the Ceska Rafinerska was temporarily reduced in Litvinov refinery. Expected period of reduced processing capacity is approximately two weeks. This occurred due to ignition of the material within the sour water stripping column of hydrocracking unit during maintenance.

UNIPETROL, a.s. together with its partners in Ceska Rafinerska is doing maximum effort to limit negative effects of the event and leveraging to the maximum possible extent Kralupy refinery.

date.png07 Dec 2010 06:51 | comments.png 0 Comments | tags.png czech fire kralupy refinery unipetrol [ More ]
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