Trafigura backs Russia’s NSR crude push
Trading giant has wrapped up purchase of a stake in Vostok Oil, a Rosneft unit developing two clusters with billions of barrels of oil in Siberia. This development calling for crude to be shipped via a new terminal on Russia's west coast, plays an instrumental role in boosting energy shipments via the northern sea route
The deal will grant Trafigura access to output from two large oil clusters that are expected to start exporting crude from 2024