RusPetro Agrees Further Crude Export Facility With Glencore
08 May 2015 - 6:31PM
Dow Jones News
LONDON--RusPetro PLC (RPO.LN) Friday said its INGA subsidiary
signed a further crude oil export prepayment facility with Glencore
Energy U.K. Ltd. for up to $30.0 million ($46.3 million) for 18
months, renewing a prepayment facility agreed in March 2014 which
was repaid to Glencore.
The company said the facility will let it deliver a minimum of
15,000 metric tonnes per quarter, or about 1,200 barrels of oil a
day, of crude oil to Glencore.
Write to Ed Ballard at ed.ballard@wsj.com
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