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Conclusion of a significant agreement |
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Own release
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08.09.2007 |
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The Management Board of PETROLINVEST S.A. (hereinafter the "Company") wishes to inform that on September 7, 2007 the Company concluded – within the framework of its normal business activity – a contract for liquefied petroleum gas (LPG) supplies during the period running until December 2007 with SHELL TRADING INTERNATIONAL Ltd ("Shell"). As a result, the combined value of contracts concluded with Shell as of August 7, 2007 (i.e. date of conclusion of the first contract with Shell after the publication of Current Report No. 15/2007 regarding conclusion of a significant contract) has increased to US$ 30,092,600.00
Contracts with Shell stipulate that LPG deliveries shall be made CIF Gdynia, as per Incoterms 2000.
The aforementioned significant contract of the estimated value of US$ 21,420,000.00 is the biggest of all the contracts concluded with Shell by the Company as of August 7, 2007.
The Shell contracts concluded during that time are considered significant as their combined value exceeds 10% of the Company’s equity.
Download Current Report No. 28/2007
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