Trafigura buys 10% stake in Rosneft’s Vostok Oil

Global commodities trader Trafigura has completed the purchase via a wholly-owned subsidiary of a 10% stake in Rosneft’s Vostok Oil project in the Arctic, the company said on Wednesday.

“The acquisition is majority financed by long-term debt financing provided to the entity,” Trafigura said in a statement without disclosing the figure paid.

President Energy plc (LON:PPC) is an independent oil and gas company focusing primarily on high margin production opportunities in Latin America.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn

More articles like this

itim Group plc

itim’s Unified Retailing

itim provides omni-channel retailers with a Unified Retail platform designed around the customer, that leads to increased sales and profitability. itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to

Volta Finance

Stability and Performance of European CLOs

European collateralized loan obligations (CLOs) have proved remarkably stable since S&P Global Ratings rated its first transaction in 2000. During this time, European CLOs have resisted several upheavals, including the global financial crisis, the dotcom bubble,

Wildcat Petroleum plc

Oil Prices gain as Europe’s economic data strengthens

Oil prices gained on Tuesday after stronger economic data out of Europe, as investors also weighed the potential fallout from any fresh U.S. sanctions on Iran’s oil exports with tensions remaining high in the Middle East.

Cerillion

Cerillion completes Telesur’s digital transformation project

Cerillion announced the successful migration of Telesur’s fixed line customers onto its convergent BSS/OSS platform. This marks the full completion of this large digital transformation project, following the earlier migration of all prepaid and postpaid mobile services,