Rosneft: contract for the supply of crude to PKN Orlen for $ 15 billion

Rosneft: the Russian  oil giant announced Friday the signing of a series of contracts for the supply of crude via the pipeline Druzhba, between Russia and
Central Europe, including one of 15 billion dollars with the Polish PKN Orlen.

It will provide to PKN Orlen six million tonnes of oil per year for three years for its refinery of Plotsk, Poland, has detailed the public group in a statement.

Rosneft has signed contracts of the same type with the French Total and Anglo-Dutch Shell subsidiaries to power the refinery PK Schwedt in Germany, which they hold stakes, but the financial terms have not been specified.

The Group expects to sign a similar contract in the near future with (Italian) Eni, which also holds a share in the refinery, it added.

The Druzhba pipeline to transport crude from Russia to Central Europe via Ukraine (Southern Branch) and Belarus (Northern Branch).

These new contracts for delivery of crude to Germany and Poland will lead to an increase in exports of Rosneft via the northern branch of the Druzhba pipeline to almost 13 million tonnes per year, said the Russian group.