Brightoil Petroleum in talks to sell oil terminal and fleet

Brightoil Petroleum (Holdings) Limited is engaging in preliminary negotiations with potential investors for the sale of its Zhoushan Oil Storage and Terminal Facilities, and its 15 marine shipping vessels (VLCC, Aframax, Barge). 

 

The company said: “these two intended sales, once realised, shall bolster the financial strength and provide support to the long term strategic developments of the Group,”  

 

Brightoil said it is to make a further announcement once the details and terms of the two intended sales are ironed out and agreed, and “until then it should be noted that these intended sales are still at a preliminary stage”.

 

For more information, visit: www.brightoil.com.hk

 

3rd August 2018