Business
Agreement of condensate supplies off-take contract
Agreement of condensate supplies off-take contract.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 7456H Nostrum Oil & Gas LP 22 May 2014 \n\n \n \nNostrum agrees long-term off-take contract for\n condensate supplies with Trafigura\n \nAmsterdam, 22 May 2014\nNostrum Oil & Gas LP (LSE: NOG.L) (\"Nostrum\"), the oil and gas exploration, development and production business is pleased to announce it has agreed a two-year contract to supply gas condensate via its wholly-owned operating subsidiary Zhaikmunai LLP (\"the Company\") to Trafigura Beheer B.V.\nUnder the contract signed with Trafigura the Company plans to sell approximately 720,000 tons of gas condensate to Trafigura over the next 24 months. Trafigura is one of the leading global commodities trading houses.\n \nCommenting on the contract, Nostrum CEO Kai Uwe Kessel said: \n \n\"I am pleased to announce this deal as it forms a key part of our marketing strategy to try to optimise our transportation routes and obtain the best possible net backs for our products. I look forward to seeing the benefits of this agreement and to working with Trafigura.\"\n \nFurther information\nFor further information please visit www.nog.co.uk\nFurther enquiries\nNostrum Oil & Gas LP - Investor Relations\n+ 31 20 737 2288\nBruno G. Meere\nKirsty Hamilton-Smith\[email protected] \n \nInstinctif Partners - UK ...