Trafigura acquires 10 percent of Vostok Oil
Geneva, 30 December 2020 - Trafigura announces the completion of a transaction to acquire a 10 percent interest in Vostok Oil, a major oil and gas company, from Rosneft through a wholly-owned entity of Trafigura. The acquisition is majority financed by long-term debt financing provided to the entity.
The investment provides Trafigura with access to a world-class, major new onshore oil-producing region in Siberia's Taymyr province comprising the Vankor and Payakha clusters with an estimated 6 billion tonnes of high-quality crude oil resources. It also builds on the longstanding commercial relationship between Trafigura and Rosneft, providing access to long-term offtake supply of crude oil including from Vostok Oil.
For further information, please contact:
Victoria Dix, Global Head of Media Relations, Trafigura Press Office: +41 (0) 22 592 45 28 or firstname.lastname@example.org
Notes to editors
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables trading division.
The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura's Mining Group; and Galena Asset Management.
With circa 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.