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Glencore in huge Russian oil deal

Frik Els | March 11, 2015 | 10:30 am Energy Europe 

Swiss commodities giant Glencore (LON: GLEN) is reported to be near a debt-for-equity deal with Russneft, one of Russian ten largest oil producers, to gain a 49% stake. Russneft and Glencore have been in business since the early 2000s when...

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