Glencore-Xstrata to pursue oil and gas

GLENCORE International chief executive officer Ivan Glasenberg says oil and gas will be one area the company will pursue growth in if its $US90 billion ($A83 billion) merger with Xstrata goes ahead.

While Xstrata's biggest revenue generators are copper and coal, Glencore and its subsidiaries are among the largest non-integrated oil suppliers by volume and handle the physical supply of around 3%

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