Moving Energy
Efficiently
Search
DID YOU KNOW? Estonia
Our first office was in Tallinn, Estonia, where we still have a sizeable operation that is home to Gunvor Services AS (recently renamed from AS Tarcona). The office provides a full suite of capabilities for the Group, including logistics, operations, shipping operations, accounting, compliance, and IT functions. More than 15 years ago, Tallinn was a […] Read MoreA Global Business
Use the filter for more information on locations Investments Moving Energy Gunvor moves physical energy from where it is sourced and stored to where it is demanded most. Latest Media Read MorePrivacy Policy
The collection and processing of personal data by Gunvor Group Ltd is in full compliance with the EU General Data Protection Regulations 2016/679 and other applicable privacy laws. Read More
Ross Sabberton, Specialty Ores Trader, Great Britain – 2000 Summer Olympics
Sydney, Australia – Spring Kayaking: K2 (double kayak) 500m and 1000m events I grew up by the coast so I was always going to be a sailor, windsurfer or canoeist. Competing at an Olympic level in kayaking was a series of chance events and a lot of luck. British sport turned a corner in 1998, […] Read More
Thierry Jacot, Global Head of Risk, Switzerland – 1984 Summer Olympics
Los Angeles, United States – Swimming: 200m and 4 x 100m freestyle When I started swimming at 8 years old, it clearly wasn’t planned. It happened naturally. You win a few youngsters’ local competitions, then the Switzerland “French speaking region” championship, then the Swiss championships, then you get more hungry for victory, and so on, […] Read More
Preparing Remediation after Refinery Shutdown
Gunvor ceased refining operations in Antwerp amidst the COVID-19 crisis and, as mentioned in a previous issue of the report, operated the Antwerp site since then as a tank storage location. The site was fully shutdown on 31 December 2022 and is being prepared for its next life. An important element of the preparation is […] Read More
Compliance with Sanctions
Ensuring adherence to sanction requirements is a crucial pillar of the broader compliance culture of Gunvor. As a significant participant in the global commodities markets, Gunvor takes its sanctions obligations responsibly. Modern sanction restrictive measures are varied in scope and applicability, however, commonly designed to support foreign policy and national security objectives of the implementing […] Read More
Preparation of a Turn Around (TA)
A Turn Around (TA) is a crucial part of the life of a refinery, as the whole plant is shut down and major improvements are installed, setting up the asset for more efficient activities for the next six years. From an HSEC point of view, it presents many opportunities, as the new equipment and improved […] Read MoreLocations
Gunvor Group employs approximately 1,700 people throughout the world, consisting of about 850 experienced professionals in our offices and about 850 specialists in various logistical facilities and assets. We have more than 20 offices, with new locations opening each year. Since 2018, Gunvor has opened new offices in Turkey, Oman, the UAE, the United Kingdom, […] Read MoreFlexibility
Gunvor maintains a flexible working environment. Having a balanced work-life schedule enables our colleagues to optimize their schedules and increase business performance. All approaches are undertaken in line with local and regional government guidelines and business and operational requirements. Gunvor further maintains the highest information security protocols to ensure all work can be done securely. […] Read More
Working with Academia on Data-driven Communication
A joint research project between the Gunvor Group, Equintel GmbH, and the Institute of Financial Services Zug IFZ of the University of Applied Sciences and Arts Lucerne ABOUT EQUINTEL Founded in 2020 in Berlin, Equintel uses Big Data and artificial intelligence (AI) to provide ESG assessments. The primary goal is to achieve transparency and objectivity […] Read MoreRisk Management
Risk Management in the context of energy commodities trading refers to the identification, assessment, and prioritization of uncertainties followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Energy commodities are inherently volatile and can be affected by […] Read MoreIncoterms
Incoterms, short for “International Commercial Terms,” are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that serve as a set of international rules for the interpretation of commonly used terms in international trade contracts. They aim to provide clarity and predictability in cross-border transactions by clearly delineating the responsibilities […] Read More