Vitol S.A., Inc. and Mercantile And Maritime Energy Pte. Ltd. agreed to acquire 5% Vostok Oil Project from Public Joint Stock Company Rosneft Oil Company (LSE:ROSN) on June 10, 2021. It is expected to be closed after the parties receive the required regulatory and corporate approvals. Rob Butler of Baker Botts (UK) LLP acted as legal advisor to Public Joint Stock Company Rosneft Oil Company. Vitol S.A., Inc. and Mercantile And Maritime Energy Pte. Ltd. completed the acquisition of 5% Vostok Oil Project from Public Joint Stock Company Rosneft Oil Company (LSE:ROSN) for $4 billion on October 14, 2021. The transaction was approved at a meeting of the Rosneft Board of Directors.