Moving Energy


Category Gunvor Group

Gunvor and Oiltanking to Build New Indonesian Terminal

SINGAPORE | 12 JUNE 2013 Oil products terminal in Karimun will meet continuing Asian demand growth Gunvor Group together with Oiltanking GmbH announce the construction of a greenfield terminal, Oiltanking Karimun, on the island of Karimun, Indonesia. The facility, which will have an initial petroleum storage capacity of 760,000 cbm, will meet the incremental petroleum

Gunvor Singapore Signs USD 850 Mil. Revolving Credit Facility

SINGAPORE | 6 JUNE 2013 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor”), has signed a USD 850 Mil. syndicated revolving credit facility (“RCF”). The facility, which launched at USD 650 Mil. and attracted over USD 1 Bil. in commitments, closed almost 60% oversubscribed. Its success represents continued strong interest

Gunvor Underwrites PA Resources’ Rights Issue

GENEVA | 5 JUNE 2013 Gunvor Group today affirmed its commitment to PA Resources through its support for the company’s recapitalization measures. Gunvor, along with others, will fully underwrite a rights issue of SEK 891 mil. put forth by PA Resources. PA Resources is involved in oil and gas exploration and extraction, and is listed

Gunvor Supports Growth With USD 500 mil. Inaugural Bond

GENEVA | 21 MAY 2013 Not for publication or distribution in the United States, Japan or in any other jurisdiction in which offers or sales would be prohibited by applicable law. Gunvor Group has successfully priced a USD 500 mil. bond as a part of the company’s strategy to diversify and strengthen its financial foundation

Gunvor Launches USD 300 Mil. Facility to Support Middle East Trading

DUBAI | 11 APRIL 2013 Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has launched the syndication of a USD 300 million secured uncommitted borrowing base revolving credit facilities (the “Facilities”), which will be used to finance working capital needs for the purchase

Gunvor Singapore Launches US $650 Mil. Revolving Credit Facilities

SINGAPORE | 8 APRIL 2013 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor” or the “Company”), today launched US$ 650,000,000 syndicated revolving credit facilities (the “Facilities”). The launch is part of Gunvor’s successful strategy to both grow and diversify its financing to support new investments and existing operations, which includes

Gunvor Completes Financing to Support Novorossiysk Fuel Oil Terminal

GENEVA | 22 JANUARY 2013 LLC Novorossiysk Fuel Oil Terminal (“NFT”), which is jointly owned by Gunvor Group (“Gunvor”) and PJSC Novorossiysk Commercial Sea Port (“NCSP”), has successfully closed a secured 7-year USD $110 million credit facility (the “Facility”) from ZAO Raiffeisenbank. The proceeds will refinance shareholder loans used to construct the fuel oil terminal

Gunvor Appoints New Technical Director Refineries, Hires New IBR Manager

GENEVA | 9 JANUARY 2013 Gunvor Group announces the appointment of a newly created position, Technical Director Refining, and the hiring of a new Refinery Manager for its Independent Belgium Refinery (IBR), consistent with the integration of refining into Gunvor’s operations. Marcel Mazenauer, refinery manager at Gunvor’s IBR, will move to the company’s Geneva office,

Deutsche Bank and VTB Support Gunvor’s Acquisition of Ingolstadt Refinery

GENEVA | 18 DECEMBER 2012 Gunvor Group (“Gunvor”) has mandated Deutsche Bank AG, London Branch (Bookrunner) and VTB Bank (Austria) AG as Mandated Lead Arrangers to arrange and underwrite a USD $100 million Secured Acquisition Facility (the “Facility”) to finance the acquisition of former Petroplus refinery and marketing activity in Ingolstadt, Germany. Gunvor is pleased

Gunvor Closes Oversubscribed USD $1.16 Billion Revolving Credit Facility

GENEVA | 13 DECEMBER 2012 Gunvor Group (“Gunvor Group” or the “Company”) has signed its USD $1,160,000,000 Revolving Credit Facility (the “Facility”) in favour of Gunvor International B.V. (“Gunvor International”) and Gunvor SA, (together the “Borrowers”). The Facility, oversubscribed by 45 percent, draws on an expanded pool of banks, as Gunvor continues to see new