Rosneft Oil Company and Grupa Lotos SA signed an oil supply contract to Poland. The agreement is valid until the end of 2020, while the supply volume in this period will be from 6.4 to 12.6 million tons.

The agreement with Grupa Lotos proves the quality of Rosneft’s partnership relations with major consumers in the traditional regions of Russian oil sales. Access to export infrastructure supply channels ensures uninterrupted crude delivery to European refineries while maximizing their economic efficiency.

The increase of oil supplies complies with Rosneft’s strategy of creating the shareholder value by increasing the efficiency of oil sales, as well as meets consumers’ interests and strengthens Europe’s energy security.

Notes:

Grupa Lotos SA is one of the largest oil and gas companies of Poland. It produces natural gas and crude oil in Poland, Norway, and Lithuania, and also owns a refinery in Gdańsk.

On December 30, 2013, Rosneft and Grupa Lotos inked an oil supply contract to Poland. The agreement provided for the supply of up to 2.4 million tons of oil annually during 2014-2015.

In January 2016, the parties agreed to extend the contract till the end 2017 having increased the annual supply volume to 2.7 million tons.

The overall volume of oil supplied to Lotos by Rosneft during this contract is 10.8 million tons.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Company’s main activities include prospecting and exploration of hydrocarbon deposits, oil, gas and gas-condensate production, upstream offshore projects, processing, as well as oil, gas, and product marketing in Russia and abroad. The Company is included in the list of strategic companies and organizations of Russia. Company’s largest shareholder (69.50% of the equity) is ROSNEFTEGAZ OJSC, fully owned by the Russian Government, while BP holds 19.75% of shares, one share belongs to the state represented by Federal Agency for State Property Management, whereas the remaining shares are free floating.

About Lotos

LOTOS is a Polish corporation whose business is of strategic importance to the national and European energy security, as well as to the Polish economy. It produces natural gas and crude oil from in Poland, Norway and Lithuania. The company owns a refinery in Gdańsk, one of Europe’s most advanced oil refining plants, where crude is processed mainly into high quality fuels, including the LOTOS Dynamic premium brand. It also operates a network of more than 480 service stations conveniently located at motorways and express ways, in all large cities and many other locations across the country. As a retailer and wholesaler of fuels, it has nearly a one-third market share at home. It is also Poland’s second-largest rail freight forwarder. LOTOS is a leading manufacturer of road bitumens, engine oils and lubricants used in road vehicles, aeroplanes, trains, ships and even military vehicles.