OREANDA-NEWS. January 17, 2013. Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that the Management Board of AB ORLEN Lietuva (“ORLEN Lietuva”) signed a one-year agreement with Statoil Fuel & Retail Lietuva, UAB, reported the press-centre of ORLEN Lietuva.

The agreement was signed for the sales by ORLEN Lietuva of gasoline and diesel oil to Statoil Fuel & Retail Lietuva, UAB for the period between 1 January 2013 and 31 December 2013. The estimated net value of the agreement amounts to USD 330 m (i.e. approximately PLN 1 026 m, based on the average PLN/USD exchange rate as of 10 January 2013, as stated by the National Bank of Poland).

The total value of agreements signed between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Statoil Fuel & Retail group in the period from 4 February 2012 to 10 January 2013 amounts to approximately PLN 2,47 bn.

The agreements between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Statoil Fuel & Retail group were concluded for the sales of products.