Shell on February 21 announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6 billion), Shell’s press office said.
VETEK Group of Companies signed a long-term contract with Vitol to supply vacuum gasoil produced by the Odessa Oil Refinery, VETEK’s press service said on January 23.
The Government of Uganda has announced the second phase of the public tender for the lead investor/operator for the development, implementation and operation of the proposed 60,000 barrels/day oil refinery and its related infrastructure, Uganda’s Independent reported on
Rialto Energy entered into a term sheet with Vitol E&P setting out the terms under which the two firms will work together to develop Rialto’s interests in Cote d’Ivoire and Ghana.
Energy trader Vitol confirmed that it and fellow trader Glencore secured long-term crude oil supply contracts with Russian oil company Rosneft, according to UPI.
Energy trader Vitol confirmed that it and fellow trader Glencore secured long-term crude oil supply contracts with Russian oil company Rosneft, according to UPI.
Rosneft has agreed heads of terms for long-term crude supply contracts with Glencore International and Vitol, two of the world's leading trading companies.