MOSCOW: Rosneft is in talks with various groups of investors on joining the company’s flagship Vostok Oil project, a member of Rosneft top management said during a teleconference with investors and analysts held August 13, according Russian TASS news agency.
Potential investor groups include oil traders, international integrated oil and gas companies as well as national champions such as Indian companies, the company said.
A 10 percent stake in the Vostok Oil project was acquired by international trader Trafigura in 2020. Rosneft and a consortium headed by Vitol signed heads of terms for a transaction providing for the sale of a 5 percent stake in the project, the Russian company said in a press release issued earlier in June this year.
The Vostok Oil project in Taimyr Peninsula includes the already developed fields of the Vankor group as well as new fields in the north of the Krasnoyarsk region.
Rosneft plans to start production of hydrocarbons at the Vostok Oil project in 2024 and bring it up to 100 million tons per year at the beginning of the next decade, according to Interfax.