yagasil.blogg.se - Vostok oil trafigura

The resource base of the project is said to exceed six billion tons of premium-quality sweet crude with a record low sulfur content of 0.01-0.04 percent.īy 2030, oil production at Vostok Oil is planned to be around 100 million tons, according to Rosneft, which noted that the project has a logistical advantage of supplying raw products produced at its fields in two directions at once - to European and Asian markets.

Low unit lifting costs and a low carbon footprint make Vostok Oil one of the most promising oil production projects in the world, Rosneft highlights on its website. The value of the transaction was not disclosed by Rosneft. The deal was approved at a meeting of the Rosneft Board of Directors.

- Trafigura begins transporting crude oil from the U.S.Rosneft has revealed that it has closed a deal to sell a five percent interest in the authorized capital of Vostok Oil LLC to a consortium of Vitol S.A.

- Trafigura agrees sale of a fleet of Suezmax Tankers to Frontline.

and Trafigura announce substantial agreements

- Trafigura invests in OneH2 to advance hydrogen fuel solutions.

- The Prax Group agrees exclusive crude oil supply arrangement with Trafigura.

- Vista and Trafigura Argentina collaborate to accelerate the development of Vaca Muerta.

- Puma Energy completes recapitalisation and consolidation into Trafigura.

- Trafigura completes the exit of its investment in Vostok Oil.

- Trafigura signs USD3 billion loan agreement guaranteed by the Federal Republic of Germany to secure gas supply.

- Hara Capital Sarl completes purchase of Trafigura's interest in Nayara Energy.

Vostok Oil strategic goal is to establish itself as a leader among global energy companies by diversifying sales markets, ensuring reliable supplies, improving operating efficiency and fulfilling its scientific and technical potential. What is natural gas Vostok Oil views its mission as ensuring a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Vostok Oil is a global energy company focused on geological exploration, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and lube oil. Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. Through our Oil & Petroleum Products, Metals & Minerals, and Power & Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable. At the heart of global supply, Trafigura connects the world with the vital resources it needs. The transaction completed on 12 July 2022 for an undisclosed price.įounded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura’s shareholding in Vostok Oil, including the associated non-recourse bank debt, have been acquired by Nord Axis Limited, an independent Hong Kong registered trading company. Following a review of options in respect of its 10 percent non-operational, passive shareholding in Vostok Oil, Trafigura has now exited its investment.