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Lekoil Strikes $3.5m Prepayment Deal with Shell

Lekoil Oil and Gas Investments Limited has executed a prepayment facility agreement with Shell Western Supply and Trading Limited (SWST), a member of the Royal Dutch Shell group of companies.

The prepayment facility follows the renewal of the offtake agreement with SWST, which occurred in the second quarter of this year as announced on 26 June 2020, and will provide further short-term liquidity with the proceeds already received.

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Source: OrientEnergyReview

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