Press releases

The standpoint on the execution of Transpetrol, a.s.

Further to media buzz on the case of execution of TRANSPETROL, a.s., ČESKÁ RAFINÉRSKÁ, a.s., brings forward an official standpoint as follows.

On 1 April 2010, by the ruling of the District Court in Prague 2, the motion to discontinue the distress ordered by the District Court in Prague 2 as at 20 August 2009, filed by TRANSPETROL, a.s., on 16 September 2009, was dismissed.

According to the communication of District Court in Prague 2, dated 8 April 2010, that is available at ČESKÁ RAFINÉRSKÁ, a.s., the said court decision is not final and conclusive yet. It may be anticipated that TRANSPETROL, a.s., will lodge an appeal against it.

Financial means for the transportation and storage of crude oil, withheld on the basis of the execution warrant issued, continue to be deposited on the accounts of Česká rafinérská, namely up to the judgment becoming final and conclusive.

As far as transportation of crude oil to the Czech Republic via the territory of the Slovak Republic is concerned, it proceeds smoothly in compliance with the requirements of Processors - as owners of the crude oil – in full cooperaiton with TRANSPETROL, a.s.