Global Oil 57 signs deals worth US$20b
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SINGAPORE-based oil and gas trading and project management company Global Oil 57 yesterday unveiled deals worth more than US$20 billion, with two partners - Al Qudra Marketing & Business Services and China's Ocean Century Energy group (OCE).
Al Qudra will provide liquefied natural gas (LNG) to Global Oil 57 and OCE China and Singapore for 25 years.
"The reliable supply of these products is critical to the operations of our clients around the world, and therefore critical to our success," said Global Oil 57's executive chairman, Thana Balan P Jaganathan. "We have opted to conduct these transactions in our home country of Singapore, due to its stable trading infrastructure."
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