Nord Axis Limited operates investment businesses. The Company provides venture capital, industrial investment, and other services.
The largest among russian oil buyers was Nord Axis Ltd., which bought 521,000 barrels a day of Russian oil in December 2022, all from Rosneft PJSC. Nord Axis, which was incorporated in February 2022 in Hong Kong, was unknown in the oil market until July 2022 when it was announced as the buyer of Trafigura’s stake in Rosneft’s flagship oil project, Vostok Oil.
Trafigura said in a statement on Wednesday 13/07/2022 that its 10 per cent stake in Vostok Oil, a gargantuan Arctic development backed by Russian president Vladimir Putin, had been sold to “an independent Hong Kong registered trading company”, Nord Axis Limited.