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Provider: Reuters Investment Profile
Provider: AKD Securities Limited

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Petrosonic Energy Inc Announces New Master Toll Services Agreement

Wednesday, 10 Apr 2013 01:37pm EDT 

Petrosonic Energy Inc announced the execution of a new Master Toll Services Agreement with an Albanian energy company. Under the agreement, the energy company has engaged Petrosonic as a processor and producer of heavy hydrocarbon emulsion fuel oil and emulsified bitumen from heavy oil and will pay Petrosonic per barrel fees based on both the quantity of oil to be processed and the quality of the end product produced. Pricing of the processed oil, delivery dates and specifications, among other terms, will be determined at the time each purchase order is issued. 

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-0.00235 -2.48%
24 Dec 2014