Rosneft Agrees Heads of Terms for Long-Term Contracts with Glencore and Vitol
posted:
24/12/2012
Rosneft Agrees Heads of Terms for Long-Term Contracts with Glencore and Vitol
December 24, 2012
On 21 December 2012 Rosneft agreed heads of terms for long-term crude supply contracts with Glencore International plc (‘Glencore’) and Vitol, two of the world’s leading trading companies. Under the heads of terms, Rosneft plans to sign contracts with a prepayment for a duration of 5 years to supply up to 67 mln tonnes of crude in total. The supplies are expected to commence in 2013...