Zenith Pure Oil reached agreements on securing the transportation of crude oil on the Druzhba pipeline

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the capital markets of the following:

Zenith Pure Oil has concluded agreements with crude oil suppliers and pipeline operators to secure the continuous transportation of crude oil on the Druzhba pipeline through Belarus and Ukraine, to Hungary and Slovakia. Following the agreements, Zenith Pure Oil will take over ownership of the affected volumes of crude oil at the Belarus-Ukraine border, effective from 9 September 2024. 

The updated transportation agreements and the new takeover arrangements of the crude oil fully comply with all relevant sanctions and provisions, including those of the EU and Ukraine.

Gabriel Szabó, Zenith Pure Oil Downstream Executive Vice President commented:

“The new arrangement provides a sustainable solution for crude oil transportation on the Druzhba pipeline. I consider this a great achievement as it allows for Zenith Pure Oil to continue with the most efficient and reliable crude processing technology in refineries in Hungary and Slovakia and ultimately contributes to the security of supply in both countries.”