Nostrum agrees long-term off-take contract for condensate supplies with Trafigura

Nostrum agrees long-term off-take contract for condensate supplies with Trafigura

Nostrum 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.
Under 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.
Commenting on the contract, Nostrum CEO Kai Uwe Kessel said:
“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.”
Source: Nostrum Oil & Gas

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