News
31 January 2019

Shandong Qingyuan Group signs $430m pre-financing facility

In:
Oil & gas
Region:
Asia-Pacific

Shandong Qingyuan Group has signed a new $430 million one-year-and-four-month pre-financing facility that will be used to procure crude oil exclusively from Trafigura (also guarantor). The feedstock will then be refined into a base oil and sold to offtaker CNOOC. The deal comprises four tranches...

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