Under the agreement Rosneft has agreed to deliver up to 63.2 million barrels of oil and says the deal is valued at roughly $7 billion, at current market prices.
The will see crude deliveries made to PKN Orlen in the Czech Republic up until 30 June 2016.
The deal follows on from an agreement earlier this yearbetween Rosneft and PKN Orlen which will see Rosneft deliver up to about 131 million barrels of oil by January 2016 to Poland via the Druzhba pipeline.
The