OREANDA-NEWS. January 30, 2013. Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") announces that the Management Board of AB ORLEN Lietuva (“ORLEN Lietuva”) signed three spot agreements with Lukoil International Trading And Supply Company, company belonging to the Lukoil group, for sales of diesel, reported the press-centre of ORLEN Capital.

Total estimated net value of the agreements amounts to approximately USD 94 million (i.e. approximately PLN 295 million, based on the average PLN/USD exchange rate as of 24 January 2013, as stated by the National Bank of Poland).

The total estimated value of agreements signed between PKN ORLEN, its subsidiaries (ORLEN Capital Group) and companies from the Lukoil group in the period between 9 January 2013 and 24 January 2013 amounts to approximately PLN 2 445 million. The agreements between PKN ORLEN and PKN ORLEN subsidiaries and companies from the Lukoil group were concluded for the sales and purchase of products and purchase of crude oil.

Agreement dated 10 January 2013 is the agreement with the highest amount from among all agreements concluded between ORLEN Capital Group and Lukoil group in the period between 9 January 2013 and 24 January 2013. The estimated value of the agreement amounts to approximately USD 421 million (i.e. approximately PLN 1 311 million, based on the average PLN/EUR exchange rate as of 10 January 2013, as stated by the National Bank of Poland). The agreement was concluded between ORLEN Lietuva and UAB "Lukoil Baltija" and concerned sales of fuels in 2013.