Glencore to invest $650 mln into own oil production during 2 years
Edited by vadim / 2013-11-12 05:51:30
The international trading and mining British-Swiss company Glencore Xstrata has taken a decision to start more extensive oil production and it is about to invest $650 million into the projects during the next 2 years. The company has taken a decision to go into oil production. It will enable the company to get higher income from oil sale.
To date Glencore is the world’s second largest company on oil and oil products sales (3.2 million tons in 2012).
