RusPetro Signs $22 Million Prepayment Facility for Domestic Offtake of Crude Oil
27 Maio 2014 - 5:22AM
Dow Jones News
LONDON--Independent oil and gas development and production
company RusPetro PLC (RPO.LN) said Tuesday it has signed a domestic
crude oil prepayment facility with Energo Resurs LLC, a subsidiary
of Glencore International AG, for a sum of $22 million before
expenses.
MAIN FACTS:
-The facility is for a period of one year and requires the
company to deliver 7,000 metric tons per month of crude oil to
Glencore and is in addition to the export prepayment facility
entered into with Glencore Energy (U.K.) Ltd announced on March
28.
-RusPetro PLC shares closed Friday at 19 pence, valuing the
company at GBP62.5 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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