logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
U.S. Bancorp (USB) reported net income of $1.56 billion for the third quarter of 2017, or $0.88 per share, compared to $1.50 billion, or $0.84 per share, in the third quarter of 2016. On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter.... Dutch semiconductor equipment maker ASML Holding NV reported Wednesday higher profit in its third quarter as sales were boosted mainly with strong demand for DUV Systems. Meanwhile, margin declined. Looking ahead, the company projects sequentially lower sales in its fourth quarter. For fiscal 2017, the company maintained forecast for higher sales. Leaders of the Senate Health Committee revealed Tuesday they have reached an agreement on legislation to provide short-term stability to Obamacare. Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced the bipartisan agreement.
comments powered by Disqus
Follow RTT