Trafigura sells stake in Russia’s Vostok Oil project to Hong Kong-based trader Nord Axis
Independent commodity trader Trafigura said July 13 it has sold its 10% stake in Russia’s giant Vostok Oil venture to a privately-held, Hong Kong-based trading company Nord Axis for an undisclosed sum. Trafigura first announced March 2 it was “reviewing options” over its equity stake in the Vostok Oil venture as pressure mounted on Western companies to distance themselves from…