Rosneft and Grupa Lotos S.A. agreed to extend the сontract for oil supplies to Poland signed on December 20, 2013. The updated commercial terms and conditions envisage a year extension of the сontract (till December 31, 2017) and increase of supplies by 300 thousand tons to reach 2.7 million tons of oil per year.

The agreement to continue cooperation with Lotos proves the quality of Rosneft’s partnership relations with major consumers in traditional regions of Russian oil sales (this is Company's second large contract for oil supplies to Polish consumers signed in December 2015-January 2016). Access to infrastructure channels of supplies, and particularly to the Druzhba oil pipeline, provides for uninterrupted crude delivery to European refineries maximizing their economic efficiency.

The increase of oil supplies complies with Rosneft’s strategy of creating the shareholder value via improved efficiency of oil sales as well as meets consumers' interests and enhances energy security of Europe.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest public oil and gas
company by liquid hydrocarbon production and reserves. The Company’s core operations are in hydrocarbon exploration and appraisal, production of oil, gas and gas condensate, offshore developments, refining, marketing of oil, gas and oil products inside and outside Russia, and investment activity.

Rosneft’s exploration and production geography spans across all key oil and gas provinces in Russia, namely Western Siberia, Southern and Central Russia, Timano-Pechora, Eastern Siberia and the Far East. The Company also implements projects in Kazakhstan, Algeria, Venezuela, Brazil, Vietnam, the UAE, Canada, and in the Gulf of Mexico. Offshore projects, including in the Arctic, take a special place in Rosneft’s portfolio. Rosneft has joined forces with ExxonMobil, Eni and Statoil to develop Russia’s offshore resources.

About Lotos

Grupa LOTOS is a Poland oil company engaged in the business of production and processing of crude oil, as well as wholesale and retail sale of high quality petroleum products. Grupa LOTOS is a producer and supplier of a number of products, including unleaded gasoline, diesel oil, diesel oil for heating purposes (light fuel oil), aviation fuel and heavy fuel oil. It also specialises in the production and sale of lubricating oils and bitumens.