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GUNVOR COMPLETES CRUDE OIL PIPELINE SALE TO GAZPROMBANK
9 November 2015

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 by Transneft. The pipeline’s full nominal throughput capacity, which is fed by the BPS-2 pipeline, ranges from 20 to 25 million metric tons per year. The terms of the sale were not disclosed.