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Gunvor Launches USD 300 Mil. Facility to Support Middle East Trading

DUBAI | 11 APRIL 2013 Gunvor Group, here comprising Gunvor S.A, Gunvor Middle East DMCC and Gunvor Singapore Pte Ltd, (together “Gunvor” or the “Company”) has launched the syndication of a USD 300 million secured uncommitted borrowing base revolving credit facilities (the “Facilities”), which will be used to finance working capital needs for the purchase

Gunvor Singapore Launches US $650 Mil. Revolving Credit Facilities

SINGAPORE | 8 APRIL 2013 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor” or the “Company”), today launched US$ 650,000,000 syndicated revolving credit facilities (the “Facilities”). The launch is part of Gunvor’s successful strategy to both grow and diversify its financing to support new investments and existing operations, which includes

Gunvor Completes Financing to Support Novorossiysk Fuel Oil Terminal

GENEVA | 22 JANUARY 2013 LLC Novorossiysk Fuel Oil Terminal (“NFT”), which is jointly owned by Gunvor Group (“Gunvor”) and PJSC Novorossiysk Commercial Sea Port (“NCSP”), has successfully closed a secured 7-year USD $110 million credit facility (the “Facility”) from ZAO Raiffeisenbank. The proceeds will refinance shareholder loans used to construct the fuel oil terminal

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,

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

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 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

Gunvor Starts Ingolstadt Refinery

Restores Important Fuel Supply and Competition to Land-locked Bavaria INGOLSTADT | 27 August 2012 Gunvor Group Ltd has commenced operations at the former Petroplus refinery in Ingolstadt, Germany, having completed the acquisition of the refinery assets and relevant marketing activities. All regulatory and merger control approvals have been obtained. The official closing date was on

EU Approves Gunvor Purchase Of German Petroplus Assets

Geneva, Switzerland | 6 August 2012 The European Commission has approved regulatory clearance for Gunvor Group Ltd’s acquisition of the assets of Petroplus’ refinery in Ingolstadt and related German marketing activities. The clearance marks a key milestone for Gunvor in the closing process. Gunvor’s purchase of the refinery, which remains subject to additional customary closing conditions

Gunvor Investigating Allegations

Nicosia, Cyprus | 3 July 2012 Gunvor Group Ltd has been notified by Swiss authorities that they are conducting an investigation into the activities of a former employee in the Republic of Congo (Congo-Brazzaville). Gunvor itself is not the object of the current investigation. Gunvor is fully cooperating with Swiss authorities on the investigation,and Gunvor