Rosneft Seals Supply-Financing Deal With Glencore, Vitol
07 Março 2013 - 5:26AM
Dow Jones News
By James Marson
MOSCOW--Russian oil giant OAO Rosneft (ROSN.RS) has signed
long-term oil-supply contracts with Anglo-Swiss miner Glencore
International PLC (GLNCY) and independent energy trader Vitol to
deliver a total of 67 million metric tons of crude, Rosneft said in
a statement late Wednesday.
Rosneft will receive a $10 billion prepayment that can be used
"for corporate-wide and investment purposes."
Rosneft will supply 46.9 million tons of crude to Glencore and
20.1 million tons to Vitol under the deals, signed March 4.
Rosneft is taking over competitor TNK-BP in deals worth $55
billion.
Write to James Marson at james.marson@dowjones.com
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