Category Gunvor Group

Gunvor closes us $725 million borrowing base to support ara refining operations

Gunvor SA and Gunvor Belgium N.V., both subsidiaries of Gunvor Group, have closed a US $725 million borrowing base facility (“Facility”), which will provide working capital for Gunvor’s refining activities in the Amsterdam-Rotterdam-Antwerp (ARA) region. The Facility was launched at…

Gunvor secures us $500 million facility to support new activities in united states

Gunvor USA LLC is pleased to announce the successful syndication of a US $500 million Borrowing Base Credit Facility, which will support the company’s newly established operations in the United States. Gunvor USA LLC has opened an office in Houston,…

Statement Correcting Inaccurate Ownership Claims

Recent reports concerning Gunvor’s ownership contain unchecked falsehoods. In 2007, for about a year, Mr. Petr Kolbin was a minority investor in Gunvor at a time when the company was looking to diversify its funding base as it grew. His…

Gunvor secures financing for rotterdam refinery

Gunvor Group Ltd is pleased to announce that its subsidiary, Gunvor Petroleum Rotterdam BV, has secured a USD 200 million project financing for the development and infrastructural upgrade of its facilities. The upgraded Rotterdam refinery will complement Gunvor Group’s existing…

Successful Commissioning of PT Oiltanking Karimun in Indonesia

PT Oiltanking Karimun, a joint venture between Oiltanking GmbH and Gunvor Group, is pleased to announce that it has commissioned its new state-of-the-art terminal with the successful receipt of 60,000 metric tonnes of gasoline and gasoline components. The terminal, which…

Gunvor singapore closes asian rcf oversubscribed at more than us $1 billion

Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1,041 million Syndicated Revolving Credit Facilities (the “Facilities”), which will support new activities and existing operations in the Asia…

Gunvor singapore launches us $750 million revolving credit facilities

Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has today launched a US $750 million Syndicated Revolving Credit Facilities (the “Facilities”), which will support new activities and existing operations in the…

Gunvor completes sale of novorossiysk terminal

Gunvor Group has completed the sale of the Novorossiysk Fuel Oil Terminal to a subsidiary of OJSC Transneft. Gunvor, which built the terminal as a greenfield project, owned a 50 percent stake. The terms of the sale were not disclosed.

Gunvor acquires rotterdam refinery

Gunvor Group has completed its acquisition of the Kuwait Petroleum Europoort refinery in Rotterdam, The Netherlands, from Kuwait Petroleum International, allowing the refinery to continue to operate in line with Gunvor’s integration and optimization strategies. “We are pleased to welcome…

Gunvor closes oversubscribed us$ 1.36 billion revolving credit facility

Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.36 billion Revolving Credit Facility (the “Facility”) in favor of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The Facility will replace the maturing Tranche A (US$ 1.025 billion)…