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Trafigura Signs $1.5B Prepayment Deal For Rosneft Supply

LONDON-Trafigura Ltd. has agreed to pay Russian oil producer OAO Rosneft $1.5 billion upfront for more than 10 million tons of products over the next five years, the commodity trader said Friday.

The deal is similar to other agreements Rosneft has secured from trading houses, including Glencore International PLC and energy trader Vitol, as it seeks to shore up its finances after its $55 billion acquisition of TNK-BP earlier this ...

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