LUKOIL PAO signed an interested-party deal - an agreement for supply of crude oil with LUKOIL Belorussiya IOOO (the buyer). Under the agreement, the company is to supply up to 2.5 billion tonnes of oil to LUKOIL Belorussiya in 2017. Approximate value of the deal is $550 million +/- 5%. Term of the deal: through December 31, 2017. The deal was approved by the Board of Directors on December 27, 2016.