Morgan Stanley's integrated supply alliance with Ineos

In July 2007 investment bank Morgan Stanley sealed a long-term oil supply agreement with the refining arm of Ineos, the third-largest chemicals company in the world, which manufactures 30 million tonnes of petrochemicals and 20 million tonnes of refined products a year.

The deal, which was structured around Ineos' current finance arrangements, covers two international jurisdictions and involves the secondment of up to 18 Ineos employees to Morgan Stanley. "It's probably the most complex

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