Gunvor has a minority stake in the Transalpine Pipeline (TAL). This is of strategic importance in securing supplies to the land-locked Gunvor Refinery Ingolstadt in Germany. The 753-kilometer pipeline connects the Port of Trieste in Italy (via Italy, Austria and Germany) to the German states of Bavaria and Baden-Württemberg. TAL is managed to ensure that each refinery connected to it receives the required quality and quantity of oil at the scheduled times.

Gunvor holds a minority stake in Petroterminal de Panama. The company’s primary asset is a pipeline with a 600,000 barrels per day throughput capacity that links the Pacific and Atlantic oceans. There are also storage locations at both ends of the pipeline with a total of around 9 million barrels split approximately equally between the two coasts. The pipeline offers a shortcut for crude cargoes around Latin America and an alternative to the Panama Canal. It gives us increased sourcing opportunities, a market presence in the Americas and access to additional storage capacity.