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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
Die Gunvor Raffinerie Ingolstadt hat seit ihrer Übernahme 1 Million Tonnen Produkte verladen
INGOLSTADT | 12 DECEMBER 2012 Die Raffinerie Ingolstadt hat nach ihrer Übernahme durch die Gunvor Group im August ihren vollen Betrieb sehr schnell wieder aufgenommen und seitdem eine Million Tonnen Mineralölprodukte zur Auslieferung an Kunden überwiegend in Süddeutschland und Oberösterreich verladen. In nur drei Monaten konnte die Gunvor Raffinerie Ingolstadt (GRI) das Angebot und den
Gunvor Closes USD $530 Million Facility to Support Activities in Americas
GENEVA | 11 DECEMBER 2012 Gunvor Group, together with Crédit Agricole and Natixis, acting as Co-Arrangers, designed a collateral-pooled facility to support its crude oil operations in the Americas. The USD $530 million facility was fully subscribed by six core banks in record time, packing in about two months. The facility will serve the storage
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