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ENERGY & OFFSHORE | Staff Reporter, Singapore

CEFC inks diesel supply agreement with Dyneff SAS

It will provide stable revenue for 2016.

Mainboard-listed CEFC International has successfully won the tender to supply diesel to French fuel distributor Dyneff SAS.

Under the tender, CEFC will sell diesel to Dyneff with a total amount of 800kt to 900kt for a one year period between 1 January 2016 and 31 December 2016. 

CEFC said that the deal provides stable trade flow and implies positive revenue and profit potentials for the financial year 2016.

“As the diesel supplier of Dyneff with a specified trading volume during the contract period, the agreement is expected to secure a stable trade flow and improve the growth potential for revenue and profitability,” said Zang Jianjun, Executive Chairman of CEFC International. 

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