Glencore puts Chad oilfields up for sale - Reuters [Seeking Alpha]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Seeking Alpha
Glencore puts Chad oilfields up for sale - Reuters - Glencore plc (OTCMKTS:GLCNF) | Seeking Alpha Energy Glencore puts Chad oilfields up for sale - Reuters Jun. 12, 2019 11:57 AM ET | Glencore plc (GLCNF) Carl Surran Retreating from its foray into oil production less than a decade after moving in, Glencore ( OTCPK:GLCNF Like its oil trading peers, Glencore expanded in the upstream sector around a decade ago in order to secure oil flows, but the value of the assets tumbled with the oil price slump in late 2014. Glencore's oil position is small: Its net oil production from Chad accounted for more than half its net production at 7,700 bbl/day out of a total net 12,700 bbl/day. Click to subscribe to real-time analytics on GLCNF Now read: EP Energy: With Bankruptcy Possible, Is There Any Value In The Debt?
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