Spotlight | Africa
Attacked on all fronts, Glencore battens down the hatches

The past few months have proven to be difficult for the Swiss trading house Glencore as it weathers lawsuits involving some of its African subsidiaries and is forced to enter financial renegotiations in Chad, a country that it may be [...]
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Chad
Glencore continues to sell its oil while waiting for its debt to N'Djamena to be restructured

In February, the Swiss group made a proposal to restructure its loan to N'Djamena. However, until an agreement has been reached with Chad, facilitated by Minister Djerassem Le Bemadjiel who is acquainted with the Swiss group, the latter will continue to pay itself back in kind.

LogoSubscribers only Energy, Commodity traders 02.05.2022
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