Category Gunvor Group

Gunvor Acquires Stake in TAL Pipeline

INGOLSTADT | 6 DECEMBER 2012 Affirming its long-term commitment to serving the German market, Gunvor Group (“Gunvor”) has acquired a 10 percent stake in the Transalpine Pipeline (TAL), which supplies Gunvor Raffinerie Ingolstadt (“GRI”). This acquisition will allow Gunvor to secure a long-term crude supply to GRI. The deal closed December 4. The Ingolstadt refinery,

Gunvor Awarded Rosneft Products Tender

MOSCOW | 31 OCTOBER 2012 Gunvor Group has signed a contract with JSC Rosneft, under which it will export oil products from the Samara group of refineries (Kuibyshev, Novokuibyshevsk and Syzran) through its terminals, the 100 percent owned Ust-Luga terminal (Baltic Sea) and the 50 percent owned Novorossiysk terminal (Black Sea). The one-year contract of

Gunvor Closes USD $625 Million Syndication for Belgian Refinery, Oversubscribed by 25%

GENEVA | 31 OCTOBER 2012 Drawing on a diversified pool of European and international banks, Gunvor Group has successfully closed an oversubscribed borrowing base credit facility to support operations at the Independent Belgian Refinery (IBR). The facility launched at USD $500 million and closed oversubscribed at USD $625 million. “Confidence in Gunvor’s business plan for

Gunvor Launches USD 800 Mil. Revolving Credit Facility

GENEVA | 12 OCTOBER 2012 Gunvor Group Ltd (“Gunvor” or the “Group”) is pleased to announce the launch of a US$ 800,000,000 revolving credit facility (the “Facility”) in favour of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The launch is a part of Gunvor’s successful strategy to both grow and diversify its financing to

Gunvor Welcomes IEA’s David Fyfe as Head of Research

GENEVA | 10 September 2012 David Fyfe, former head of oil market analysis for the International Energy Agency (IEA), will join Gunvor Group Ltd as Head of Market Research & Analysis. Fyfe has more than 20 years of experience in the oil and energy markets, covering the range of oil sector activity from upstream, through

Gunvor Hiring For New Jobs At German Refinery Operations

INGOLSTADT | 4 September 2012 Gunvor Raffinerie Ingolstadt GmbH and Gunvor Deutschland GmbH plan to hire about 30 additional employees for various functions at their respective operations. The two former Petroplus businesses restarted on August 24, following the completion of their acquisition by Gunvor Group Ltd, which provides integrated oil and energy trading products and

Gunvor Starts Ingolstadt Refinery

Restores Important Fuel Supply and Competition to Land-locked Bavaria INGOLSTADT | 27 August 2012 Gunvor Group Ltd has commenced operations at the former Petroplus refinery in Ingolstadt, Germany, having completed the acquisition of the refinery assets and relevant marketing activities. All regulatory and merger control approvals have been obtained. The official closing date was on

EU Approves Gunvor Purchase Of German Petroplus Assets

Geneva, Switzerland | 6 August 2012 The European Commission has approved regulatory clearance for Gunvor Group Ltd’s acquisition of the assets of Petroplus’ refinery in Ingolstadt and related German marketing activities. The clearance marks a key milestone for Gunvor in the closing process. Gunvor’s purchase of the refinery, which remains subject to additional customary closing conditions

Gunvor Launches USD 500 Million Syndication for Belgian Refinery

Antwerp, Belgium | 11 July 2012 Gunvor Group Ltd is moving ahead with plans for its new refinery in Belgium, having successfully launched a USD 500 million borrowing base secured revolving credit facility (RFC) to support operations. ING and Rabobank are the two Bookrunning Mandated Lead Arrangers of this facility, which will be used to

Gunvor Investigating Allegations

Nicosia, Cyprus | 3 July 2012 Gunvor Group Ltd has been notified by Swiss authorities that they are conducting an investigation into the activities of a former employee in the Republic of Congo (Congo-Brazzaville). Gunvor itself is not the object of the current investigation. Gunvor is fully cooperating with Swiss authorities on the investigation,and Gunvor