Hascol deal: Term sheet signed by Vitol

KARACHI: A term sheet has been signed by Vitol Dubai Limited with the major shareholders of Hascol Petroleum Limited to buy 15% of the issued share capital of Hascol Petroleum Limited, with an option to buy within a period of one year, another 10% of the issued share capital of Hascol Petroleum Limited from its existing shareholders. The Vitol Group is the world’s largest independent energy trader. Its trading portfolio includes crude oil, oil products, LPG, LNG and natural gas. Hascol Petroleum Limited is engaged in the purchase, storage and sale of petroleum products.

Published in The Express Tribune, November 12^th, 2015.

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