Vitol and Mercantile & Maritime to acquire a 5% stake in Vostok Oil from Rosneft.

Vitol, an energy and commodity trading company, and Mercantile & Maritime, physical trading of oil and gas company, agreed to acquire a 5% stake in Vostok Oil, an oil company, from Rosneft, an integrated energy company. Financial terms were not disclosed. “Definitely, the project is interesting to the companies focused on feedstock supply, trading and logistics with an extensive client base and distribution channels around the world, those that consider the future need for ‘green’ oil supply,” Igor Sechin Rosneft CEO.