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.