Who We Are


Founded in 2000, Gunvor Group has grown from being a European niche player in oil trading to one of the world’s largest independent commodity trading companies by turnover, providing integrated trading products and logistics services for participants in the worldwide oil and energy markets.

Gunvor’s solid financial track record and reputation for operational excellence has provided an ideal platform for growth, and in recent years, we have focused on expanded operations into Asia, the Middle East and the Americas.

As a core aspect of our growth strategy, we have been making investments in energy infrastructure complementary to the company’s trading function. Gunvor has acquired stakes in coal mining operations, has purchased refinery assets, and made further investments in pipeline, storage and terminals.

Gunvor has also added global coal and freight, emissions and renewables, natural gas and LNG, and other commodities to our well established activities in the trading, transport and storage of crude and oil products.

Our team has a long-term, integrated and committed approach to trading and portfolio management across the value chain and across products. We focus on creating innovative products and solutions, built around a broader range of commodities—all of which serves to enable our clients to meet their objectives.

The company’s main trading offices are in Geneva, Singapore, Nassau and Dubai, with a network of representative offices around the globe.

For more information about Gunvor Group and its subsidiaries, click the links below:

2012
  • Acquisition of Gunvor Refinery Ingolstadt
  • Acquisition of stake in Kolmar Management Company LLC
  • Acquisition of Independent Belgian Refinery


2011
  • Acquisition of Keaton coal mining interests
  • Ust Luga commences operations
  • Opening of Dubai and Nassau offices
  • Establishment of joint venture with Akfel, Turkey
  • Acquisition of stake in Signal Peak coal mine


2010
  • Volumes increase to 116 million tons with 50% originating from outside Russia
  • Turnover at record levels: USD 69 billion
  • Open new offices in Almaty
  • Credit lines stand at USD 14 billion


2009
  • Volumes rise to 98 million tons while oil price doubles to USD 80 per barrel
  • Investment in Novorossiysk oil terminal in the Black Sea
  • Investment in Caspian Sea oil exploration prospect (Lagansky)
  • Opening of Beijing and Nigeria offices
  • Start of Gas, LNG, Coal and CO2 business


2008
  • Record performance despite oil price fall to USD mid 40s from USD 140 per barrel
  • Volumes increase to 90 million tons
  • Acquisition of in-construction Ust-Luga export facility
  • Investment in Caribbean-Pacific pipeline
  • Credit lines stand at USD 9.5 billion


2007
  • Opening of Singapore trading office
  • Proprietary trading IT system developed
  • Oil volumes rise 30% to 83 million tons
  • Turnover grows to USD 43 billion