Monday, October 19, 2009

Vitol and Harvest Energy Improve Terms For Crude Oil

Vitol and Harvest Energy Trust announced that Harvest's North Atlantic Refining Limited (NARL) subsidiary has renewed and extended its existing crude oil supply and refined product offtake agreement with Vitol.

Vitol will provide to NARL comprehensive working capital financing of feedstocks and finished products as well as provide feedstock procurement and shipping, finished product marketing and shipping, price risk management, administrative and back office services.

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