Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Rosneft Agrees To Sign Crude-Supply Contracts With Glencore Int'l, Vitol

Rosneft Plc (ROSN.L) Monday said it has agreed to the head of terms of a long-term contract with Glencore International Plc and Vitol.

Under the heads of terms, Rosneft has agreed to sign a five-year contract with a prepayment, to supply up to 67 mln tonnes of crude in total. The supplies are expected to commence in 2013.

The parties agreed the possibility of replacing crude supplies with respective petroleum product supplies for various supply routes.

Click here to receive FREE breaking news email alerts for Rosneft and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015. While buying interest was somewhat subdued, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day extended the recent upward trend by the markets, lifting the S&P 500 to a new record closing high. Republicans have not found much to like about President Barack Obama's nearly six years in office, but the results of a new Washington Post-ABC News poll show that a vast majority support the president's decision to launch airstrikes in Iraq.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.