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Rosneft Oil Company’s to sell 10% charter capital of Vostok Oil LLC

1 min read | November 18, 2020 10:29 AM GMT | By Team Kalkine Media
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Rosneft Oil Company’s (LON:ROSN) Board of Directors (BoD) in a meeting held on 16 November 2020 approved the sale of 10 per cent in the charter capital of Vostok Oil LLC to Trafigura PTE LTD.

  • The BoD in the meeting also assessed the progress of the Vostok Oil project, which has a proven resource base for liquid hydrocarbons is 6 billion tonnes equivalent to 44 billion barrels.
  • For the energy needs of the project, the company had earlier entered into an agreement with Inter RAO PJSC for a set of works to design and build energy infrastructure.
  • On 17 November 2020, the stocks of the company improved by 1.68% from its previous closing, hovering at around USD 5.88 at 09:22 AM GMT+1.

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