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Category Gunvor Group
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)…
Gunvor completes crude oil pipeline sale to gazprombank
Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company (NPC) to Gazprombank. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a crude oil tank farm owned…
Kuwait Petroleum International (KPI) and Gunvor Group (Gunvor) confirm the final stage of negotiations for the sale of the KP Europoort refinery
Kuwait Petroleum International and Gunvor Group have announced today that their respective affiliates have reached the final stage of negotiations on the sale of the KP Europoort refinery in Rotterdam, The Netherlands, subject to regulatory approval and the necessary employee consultation process. The sale would allow the refinery to continue in line with Gunvor’s integration and optimization strategies.
Gunvor asian rcf tops us $1 billion after additional interest
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor Group”), has increased its USD911.7 million syndicated revolving credit facility (the “Facility”) to USD1.0627 billion on 24 July 2015 through accordion to accommodate additional interest in…
Gunvor increases middle east borrowing base to us $525 million
Gunvor Group, comprising Gunvor SA, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has signed a US $525 mil. secured uncommitted borrowing base facility (the “Facility”), which represents an increase of US $105 mil.…