Tullow Oil Annual Report cover, cropped

Tullow strikes debt and offtake deals with Glencore

Issue 495 - 15 Nov 2023 - By James Gavin | 2 minute read

Tullow has agreed a $400m, five-year debt facility with commodities trader Glencore Energy, giving the UK indie a financial boost. The two sides have also agreed two oil marketing and offtake contracts, which will run concurrently with the debt agreement.

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