Complete Withdrawal of Trafigura's Investment in Vostok Oil

Source: www.gulfoilandgas.com 7/13/2022, Location: Asia

Trafigura has now sold its position in Vostok Oil after considering all of its alternatives regarding its 10% passive, non-operating stock. The non-recourse bank debt that goes along with Trafigura's ownership of Vostok Oil has been acquired by Nord Axis Limited, a free-standing trading firm with a Hong Kong registration. On July 12, 2022, the deal was finalised for an unknown sum.

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