Tag Crude

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,

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

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

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

Antwerp, Belgium | 21 June 2012 Gunvor Group CEO Torbjörn Törnqvist this week visited the company’s recently acquired refinery, Independent Belgian Refinery NV (IBR), to meet with management and staff and discuss continuing integration with Gunvor’s operations. IBR, a former Petroplus asset, is now 100%-owned by Gunvor. Through the May purchase, Gunvor retained all 200-plus

Ingolstadt, Germany | 14 June 2012 More than 200 Petroplus Bavaria employees and members of management welcomed Gunvor Group CEO Torbjörn Törnqvist to the Ingolstadt plant last week. The visit was the first by Törnqvist since Gunvor announced the acquisition of the refinery’s assets, which will keep open the plant saving hundreds of jobs. “I