This strategic agreement defines the conditions under which emergency oil reserve held by the ASMR would be processed at UNIPETROL Group refiners, should a state of oil crisis be declared. The ASMR would then distribute the processed petroleum products to the crisis management authorities and the public.

On 14 August 2013, Ceská rafinérská and the Slovak national pipeline operator Transpetrol signed a pipeline transportation contract that determines new tariffs for crude oil transportation to the Czech Republic through the Slovak branch of the Druzhba Pipeline for the year 2014. Positive impact on Unipetrol Group full-year 2014 EBITDA is estimated at around CZK 17m compared to the year 2012.

At the beginning of October Unipetrol RPA has signed a license agreement with INEOS, based on which it acquired the right to use a production process and technology for the new polyethylene unit (PE3).

Purchase of the license is the first achieved milestone and represents the official start of the project’s execution. Now Unipetrol is ready to take further steps and create a detailed schedule of this project. The first task is to choose a general contractor, which should be done in the first half of 2014.

Unipetrol Group