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Gunvor singapore closes asian rcf oversubscribed at more than us $1.1 billion
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1,135 million Syndicated Revolving Credit Facilities (the “Facilities”), which will support new activities and existing operations in the Asia Pacific. The Facilities were launched at US $800 million, and as a result of strong […]
Gunvor closes us $340 mil. Facility to support growth in americas
Gunvor Group has successfully refinanced a US $340 million borrowing base facility, increasing the amount from US $300 million. CA Indosuez (Switzerland) SA and Natixis served as Arrangers for the facility, and Natixis acted as Agent. Citibank, a new participant, joined with the accordion feature. The borrowing base is a 1-year revolving facility that will […]
Gunvor Group Results 2016
“Gunvor’s sound management and clear strategy has enabled the company’s continued growth and uninterrupted run of profitable operations,” said Gunvor Group CFO Jacques Erni. “We are now reaching into new geographies with new investments and trading, backed by a strong liquidity position.” Read More
Gunvor closes oversubscribed us $1.67 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.67 billion Revolving Credit Facility (the “Facility”) in favour of Gunvor International B.V. and Gunvor SA (the “Borrowers”), representing a 30% increase in the total available facilities. The Facility will replace the maturing Tranche A (US$ 1.15 billion) of the Borrower’s Revolving Credit Facility […]
Gunvor closes us $725 million borrowing base to support ara refining operations
Gunvor SA and Gunvor Belgium N.V., both subsidiaries of Gunvor Group, have closed a US $725 million borrowing base facility (“Facility”), which will provide working capital for Gunvor’s refining activities in the Amsterdam-Rotterdam-Antwerp (ARA) region. The Facility was launched at US $700 million and was oversubscribed at US $805 million, before being scaled back to […]
Gunvor secures us $500 million facility to support new activities in united states
Gunvor USA LLC is pleased to announce the successful syndication of a US $500 million Borrowing Base Credit Facility, which will support the company’s newly established operations in the United States. Gunvor USA LLC has opened an office in Houston, Texas that initially will be trading refined products, natural gas, and asphalt/bitumen. The new facility […]
Statement Correcting Inaccurate Ownership Claims
Recent reports concerning Gunvor’s ownership contain unchecked falsehoods. In 2007, for about a year, Mr. Petr Kolbin was a minority investor in Gunvor at a time when the company was looking to diversify its funding base as it grew. His participation did not ultimately make strategic sense and ended completely. He has not had any […]
Gunvor secures financing for rotterdam refinery
Gunvor Group Ltd is pleased to announce that its subsidiary, Gunvor Petroleum Rotterdam BV, has secured a USD 200 million project financing for the development and infrastructural upgrade of its facilities. The upgraded Rotterdam refinery will complement Gunvor Group’s existing refining operations, particularly through integration with its existing European refinery network, which includes refineries in […]
Successful Commissioning of PT Oiltanking Karimun in Indonesia
PT Oiltanking Karimun, a joint venture between Oiltanking GmbH and Gunvor Group, is pleased to announce that it has commissioned its new state-of-the-art terminal with the successful receipt of 60,000 metric tonnes of gasoline and gasoline components. The terminal, which is strategically located within the Straits Hub, has a total storage capacity of 730,000 cbm […]
Gunvor singapore closes asian rcf oversubscribed at more than us $1 billion
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has closed a US $1,041 million Syndicated Revolving Credit Facilities (the “Facilities”), which will support new activities and existing operations in the Asia Pacific. The Facilities launched at US $750 million, and as a result of strong support […]
Gunvor singapore launches us $750 million revolving credit facilities
Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group Ltd (“Gunvor” or the “Company”), has today launched a US $750 million Syndicated Revolving Credit Facilities (the “Facilities”), which will support new activities and existing operations in the Asia Pacific. DBS Bank Ltd. (“DBS”), First Gulf Bank PJSC, Singapore Branch (“FGB”), ING Bank […]
Gunvor Group Results 2015
Throughout 2015, Gunvor continued a series of planned divestments of Russian assets, which is now complete. Gunvor also continues to assess new asset investments, having most recently acquired a crude oil refinery in Rotterdam, The Netherlands. Read More
Gunvor completes sale of novorossiysk terminal
Gunvor Group has completed the sale of the Novorossiysk Fuel Oil Terminal to a subsidiary of OJSC Transneft. Gunvor, which built the terminal as a greenfield project, owned a 50 percent stake. The terms of the sale were not disclosed.
Gunvor acquires rotterdam refinery
Gunvor Group has completed its acquisition of the Kuwait Petroleum Europoort refinery in Rotterdam, The Netherlands, from Kuwait Petroleum International, allowing the refinery to continue to operate in line with Gunvor’s integration and optimization strategies. “We are pleased to welcome the Rotterdam facility into the Group,” said Gia Mai, Gunvor’s Chief Investment Officer. “The Rotterdam […]
Gunvor closes oversubscribed us$ 1.36 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.36 billion Revolving Credit Facility (the “Facility”) in favor of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The Facility will replace the maturing Tranche A (US$ 1.025 billion) of the Borrower’s Revolving Credit Facility dated 28 November 2014 and refinance Tranche B (US$ […]
Gunvor completes crude oil pipeline sale to gazprombank
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, […]
Kuwait Petroleum International (KPI) and Gunvor Group (Gunvor) confirm the final stage of negotiations for the sale of the KP Europoort refinery
Kuwait Petroleum International and Gunvor Group have announced today that their respective affiliates have reached the final stage of negotiations on the sale of the KP Europoort refinery in Rotterdam, The Netherlands, subject to regulatory approval and the necessary employee consultation process. The sale would allow the refinery to continue in line with Gunvor’s integration and optimization strategies.