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Reuters scores exclusive on China tripling crude deal volumes with Libya10.27.2009
Reuters reported exclusively on Oct 27 that China’s top refiner Sinopec was not only renewing its crude deal with Libya but it was also tripling the size of the deal to feed the Chinese refiner’s expanded capacities. The story was crucial for the market as term supply agreements like this one are key indications of demand growth in the world’s second-largest oil user for the year ahead. |
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