WebSep 16, 2024 · Gunvor sold $500 million worth of bonds yielding 5.875% in 2013. However, their value plunged and the yield on the five-year notes surged when co-founder Gennady Timchenko was placed under U.S. sanctions because of his relationship with Russian president Vladimir Putin. Timchenko sold his stake to Gunvor Chief Executive Officer … WebMar 24, 2014 · Gunvor began making its name a decade ago by pioneering small shipments of Russia's fast-expanding crude oil production out of the Estonian port of Tallinn, one of the only Baltic export terminals ...
Energy Trader Gunvor Posts Record $2.36 Billion Net Profit in 2024
Gunvor has invested in oil storages facilities, railway transportation as well as port facilities and terminals, therefore ensuring a "comparative advantage over their competitors", according to Törnqvist interviewed by the Financial Times. According to the company website, Gunvor is associated with a railway oil transportation company (Transoil) and owns its own shipping company, Clearlake Shipping Ltd, which shipped 30% of the Baltic crude oil (20.5 million tonnes… WebMar 21, 2014 · Gunvor grew spectacularly since then with a turnover of $93 billion in 2012 compared with $5 billion ( € 67 billion) in 2004. It traded large volumes of oil of Russian state companies such as... palisade pales
US sanctions target ‘Putin’s oil firm’, Gunvor – EURACTIV.com
WebWe have expanded our trading portfolio to include the global sourcing and delivery of crude oil and refined oil products, LPG, natural gas and LNG, biofuels, carbon and metals. Refineries. Biofuels. Pipelines & Storage ... Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a USD 1.645 billion sustainability-linked, multi-currency ... WebMay 31, 2016 · Gunvor, like other oil traders, has made money amid volatile oil prices, for example by buying crude cheaply and agreeing to sell it on later at higher prices. Its 2015 … http://gasprocessingnews.com/news/2024/05/energy-trader-gunvor-posts-record-year-after-oil-market-turmoil/ palisade pants arcteryx