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The trading house International Oil Trading (InterOil), with Head Quarters in Gibraltar, is looking for a Working Capital Finance of approx. USD 100 million

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The trading house International Oil Trading ("InterOil"), with Head Quarters in Gibraltar, is looking for a Working Capital Finance of approx. USD 100 million with a tenor structure of 1 year. The financing is needed to support the main business purpose of the company InterOil - to buy and sell crude oil and related petrochemical products. The ultimate beneficiary of the financing is the main supplier of InterOil, the big russian oil producer JSC Russian Oil Company ("ROC"). The products purchased from ROC will be directly sold onto other customers of InterOil. The final buyers of InterOil are international oil consumers. InterOil already has a signed crude oil delivery contract with X-Oil International S.A., France ("X-Oil") a large international oil company based in Marseille. The contract covers a one year time frame and InterOil is contractually obliged to deliver in total 600,000 metric tons of crude oil to X- Oil. The contract further stipulates the quality of the product and it inidcates Russian Standard "REBCO" - Russian Export Blend Crude Oil. The actual Brent-Oil price is USD 52 per Barrel.

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