Ruspetro and Glencore sign oil deal

Siberian oil producer Ruspetro yesterday said it has signed a one-year deal worth 750m roubles (£13m) to deliver 1,680 barrels of oil per day to Energo Resurs, a subsidiary of Glencore. “This facility is part of the company’s ongoing cash flow management and broadens our partnership with Glencore to include a prepayment facility for domestic oil sales for the first time,” said chief executive John Conlin.