Brightoil inks $50m facility agreement

Hong Kong: Brightoil Petroleum has entered into a loan facility agreement with China Development Bank Corporation Hong Kong branch for a term of 10 years. The total loan amount is up to $50m.

The facility agreement will enhance the financial strength of Brightoil, and support the development of the group’s core business, in particular to the marine transportation business, the company said. [29/10/13]

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