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News & Statements
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 Belgian Refinery Hiring
Antwerp, Belgium | 21 June 2012 Gunvor Group CEO Torbjörn Törnqvist this week visited the company’s recently acquired refinery, Independent Belgian Refinery NV (IBR), to meet with management and staff and discuss continuing integration with Gunvor’s operations. IBR, a former Petroplus asset, is now 100%-owned by Gunvor. Through the May purchase, Gunvor retained all 200-plus
Petroplus Bavaria Employees Welcome Gunvor CEO
Ingolstadt, Germany | 14 June 2012 More than 200 Petroplus Bavaria employees and members of management welcomed Gunvor Group CEO Torbjörn Törnqvist to the Ingolstadt plant last week. The visit was the first by Törnqvist since Gunvor announced the acquisition of the refinery’s assets, which will keep open the plant saving hundreds of jobs. “I
Gunvor Refutes Unsubstantiated Accusations Made in The Economist
Geneva, Switzerland | 2 March 2012 An article in the 5 May edition of The Economist makes untrue and unsubstantiated allegations about Gunvor Group (“Gunvor”), one of the world’s major independent commodity trading companies. The company refutes these statements and fabrications that are damaging commercially and reputationally. Gunvor goes on record to challenge all the
Gunvor Supplies Diesel Cargo to Libya’s Arabian Gulf Oil Company
Geneva, Switzerland | 31 August 2011 Gunvor SA, the Geneva-based trading arm of Gunvor Group Ltd, one of the world’s leading independent commodity trading companies, confirmed today that it has discharged a cargo of diesel for use in power generation in Libya, supplied to the Arabian Gulf Oil Company (AGOCO). An AGOCO spokesperson from Benghazi
Gunvor Group Ltd 2010 Statement
Geneva, Switzerland | 23 February 2011 The Gunvor Group Ltd, one of the worlds leading energy trading companies, announces an 11% increase in volume year-to-year to 104 Million tons and a turn-over of USD 65 Billion, up from USD 53 Billion in 2009. Trading conditions were less favorable than in the previous year with narrower