Yenisey

ROSNEFT OIL COMPANY: Sale of 5% in Vostok Oil to a Consortium of Vitol and MME

Thursday, October 14, 2021 - 2:29pm

Ltd. (75% - Vitol, 25% - MME) have closed a deal to sell a 5% stake in the authorized capital of Vostok Oil LLC.

Key Points: 
  • Ltd. (75% - Vitol, 25% - MME) have closed a deal to sell a 5% stake in the authorized capital of Vostok Oil LLC.
  • The energy for Vostok Oil is expected to be supplied mainly via using assotiated pteroleum gas and wind generation.
  • The plan is that by 2030 the oil production at Vostok Oil will make up to the tune of 100 million tons.
  • In August, Rosneft commenced autumn navigation on the River Yenisei to deliver cargoes to Vostok Oil sites.