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Switzerland’s Vitol sells stake in giant Russian Arctic oil project

The company said sold its 5 percent interest in the Vostok oil project to Dubai's Fossil Trading.

By Reuters January 3, 2023
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LONDON — Global commodities trader Vitol has sold its interest in the giant Vostok Oil project in the Russian Arctic, led by the Kremlin-controlled energy major Rosneft, to Dubai-based trader Fossil Trading, Vitol said last week.

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