(Changes sourcing, adds detail)
MOSCOW, Nov 17 (Reuters) - Russian energy giant Rosneft's
board has approved the sale of 10% of capital in the
Vostok Oil project to trader Trafigura, the company said on
Tuesday.
Vostok Oil is Rosneft's ambitious project to develop
hydrocarbons in the Russian Arctic. Its oil and gas condensate
resources are estimated at 6 billion tonnes (44 billion barrels)
by the company.
Vostok Oil includes other Rosneft projects in northern
Russia, such as the Lodochnoye, Tagulskoye and Suzunskoye
oilfields, and other entities including the Ermak Neftegaz
venture with BP.
The project will require construction of pipelines, roads
and other infrastructure. Crude oil is expected to be shipped to
Asia via the Northern Sea Route.
(Reporting by Vladimir Soldatkin and Polina Devitt
Editing by David Goodman)
BP (BP.)