Vitol Divests Interest in Vostok

Source: www.gulfoilandgas.com 12/30/2022, Location: Africa

Vitol announces that it has divested its interest in Vostok Oil LLC. The Vitol led consortium (a joint venture with the Mercantile & Maritime Group) through which the interest was held has completed the sale of its shareholding to Fossil Trading, FZCO, for an undisclosed sum.

The divestment, which was agreed in July 2022, subject to conditions precedent, has been finalised following the completion of all legal formalities.


Pakistan >>  1/23/2025 - Oil and Gas Development Company Limited (OGDCL) is pleased to announce the successful execution of Farm-in Agreement with M/s KUFPEC Pakistan B.V. The...
United States >>  1/23/2025 - Think Power Solutions, a leader in tech-enabled utility infrastructure management solutions, announces the acquisition of Lamar Technical Services Inc...

Spain >>  1/22/2025 - Duferco Group, an international holding company that develops diversified businesses in the energy, steel and shipping industry expands its presence i...
United States >>  1/22/2025 - Sonic Group, a leading provider of professional tools and equipment solutions based in the Netherlands, today announced the acquisition of Auburn, Ala...

United States >>  1/22/2025 - Motive Energy, a leading provider of advanced power and energy solutions, has acquired Deep Cycle Battery San Diego, a trusted supplier of automotive,...
United States >>  1/22/2025 - Hastings Equity Partners ("Hastings"), a preferred capital partner to founders of lower middle-market businesses, is pleased to announce that its port...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.