Gunvor Crude

The pipeline was originally built to facilitate Alaskan crude shipments to the US Gulf Coast but was reversed in 2009 to move Atlantic basin crudes to South American and Far East markets without going through the Panama canal. August 26, 2016 01:31:36 AM. Tarcona / Gunvor Services Jun 2015 – Present 4 years 11 months Specialized in Trading and Shipping activities (physical and paper) related to Oil&Gas: Crude oil, Gasoline, Fuel oil, Gasoil, Naphta, Nat gas, LPG, LNG, Biofuel, Coal + Base/precious Metals. The company has said 40 percent of the crude it handles originates from North and South America, including. Such schemes have been piloted by commodities trading firms in the past. Gunvor's chief executive, said that even if the energy. View David Fyfe’s profile on LinkedIn, the world's largest professional community. purchased a stake in a Paraguay based petroleum supplier in a deal that further diversifies it away from its Russian roots. * As part of this move, Gunvor will disclose information about its first purchases from national oil companies for crude oil and petroleum products, including gas, among other relevant tax and. Join to Connect. 44 a barrel. Johan Sverdrup is among the largest oil fields on the Norwegian shelf, and will at peak contribute with 25% of the production from the Norwegian shelf. Ideal location for crude oil supply. Another corrupted by Gunvor, according to the Public Ministry is Maxime Gandzion, a counselor of the Congolese presidency who acted through his son. ” That led the NYMEX at the time to tell the market it should refer to the contract as light sweet crude instead of WTI, though the three-letter acronym persists to this day. Gunvor Group is one of the largest independent commodity traders in the world, with operations in energy trading, trans-shipment and transportation of raw materials and petroleum products, as well as crude oil refining. Gunvor says it will re-start the refinery as soon as possible and will operate it on a long-term basis, as part of its strategy of diversifying from pure trading operations. Blockchain to Increase Efficiency in Crude Oil Trading Gunvor Group has advised that the. Assessments Apr 14, 2020 | 10:00 GMT. In 2012 prosecutors raided their Swiss offices, and followed trails of money transfers linked to deals with the Republic of Congo’s national petroleum company. Gunvor Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. The Transalpine (TAL) pipeline, which originates in Trieste, Italy, supplies crude oil to the refinery. In Northwest Europe, Rotterdam is the absolute leader in the throughput and storage of crude oil. See the complete profile on LinkedIn and discover Tanya’s connections and jobs at similar companies. “The physical market is in pain, and there is more pain to come,” said Torbjorn Tornqvist, the co-founder of Gunvor Group Ltd. Erfahren Sie mehr über die Kontakte von Neil Hitchinson und über Jobs bei ähnlichen Unternehmen. Report this profile. Gunvor was founded in 2000 as a merchant of crude oil and oil products. Brent has 5 jobs listed on their profile. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. Erfahren Sie mehr über die Kontakte von Max W. The CDU will be down into March next year when the 88,000 barrel-per-day refinery will undergo maintenance. Owner and operator of petroleum refineries. Gunvor also strengthens its European market position, adding to its current refinery investment in Antwerp, Belgium. It now has a strategy of buying assets – storage and tanker capacity, before the refinery acquisitions – to become vertically integrated. 25 billion last year as the commodity trader sold the bulk of its Russian assets and earnings from oil trading increased. Liked by Ben Doubroff. Gunvor Group Ltd. OMV operates a total of three refineries: one in Schwechat (Austria) and one in Burghausen (South Germany), with both refineries also producing basic petrochemicals, along with the Refinery Petrobrazi (Romania). The reason? Allegations of corruption and bribery in a major oil deal with the Republic. Unit engineer, responsible for the crude and vacuum distillation units, the boilerhouse & utilities, and back-up for the gasoline plant. Some long-time Gunvor executives left, including the global head of crude Jose Orti who retired at the end of 2018. On Thursday, OPEC+ pledged to cut crude production by 10 million barrels per day starting in May as part of a global effort to balance the market. Nationwide, crude storage capacity is now 60% full, up from 50% five weeks ago and 52% at the same point a year ago (https://tmsnrt. Gunvor Group Ltd employs 423 employees. 5 million euro), and trading volumes of 184 million metric tons, according to figures posted on the corporate website. Gunvor was founded in 2000 as a merchant of crude oil and oil products. The Rotterdam refinery enhances Gunvor's refining operations, particularly through its synergies with the Antwerp refinery. We have expanded our trading portfolio to include the global sourcing and delivery of crude oil and refined oil products, LPG, natural gas and LNG, coal, biofuels, carbon and metals. Inspection of Maritime Integrity (Loss of Stability & Position) Contents Summary. 17 In the same period, in just three years, its. marker, traded 1 percent higher at $45. In return, they increased their commission margin, which was partially used to 'repay. 5 July 27-31 TAIWAN/FORMOSA b:Basra Lt 2000KB OSP ard +30 c/b FOB July 20-Aug 20 arr THAILAND/PTT b:Agbami 500-600KB NA July 15-Aug 10 arr THAILAND/PTT b:Champion 300KB NA July 15-Aug 10 arr THAILAND/PTT b:Bakken 500-600KB NA July 15-Aug 10 arr THAILAND/PTT b:Cooper Basin 300KB NA July 15. Gunvor has hired a senior veteran oil trader, David Garza, previously with BP L> and most recently U. Gunvor, and our main competitors, are overwhelmingly physical players. Gunvor is further investing in its refineries to ensure legal compliance and business development. Tasks include day to day monitoring of unit performance, providing technical assistance to Operations, and identifying improvement opportunities with respect to safety, profitability, reliability, and environmental impact. Gunvor Raffinerie Ingolstadt GMBH (GRI), a subsidiary of Gunvor Group Ltd. Located in the port of Antwerp, it is 100% owned by the. The Transalpine (TAL) pipeline, which originates in Trieste, Italy, supplies crude oil to the refinery. Assessments Apr 14, 2020 | 10:00 GMT. Such schemes have been piloted by commodities trading firms in the past. 6 Jobs sind im Profil von Neil Hitchinson aufgelistet. 6 Jobs sind im Profil von Guillaume Bouchez aufgelistet. LinkedIn’e hemen bugün ücretsiz olarak katılın. 8 million tons. Russia-origin commodities today amount to about 12 per cent of Gunvor's total trading today — a far cry from the days when it handled one-third of the country's seaborne crude exports. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. Brent has 5 jobs listed on their profile. Gunvor Petroleum Antwerpen is a mid-sized refinery situated at an ideal location in the northern part of the port of Antwerp, the largest integrated petrochemical cluster in Europe. Oil products transfer by "UST-LUGA OIL" terminal in the year 2014 reached 23. The company initially focusing on refined products and natural gas but. Gunvor has evolved strategically to become one of the world's leading independent commodities trading houses. Enbridge’s vision is to be the leading energy delivery company in North America. 788% of Brent for fifth cargo to be delivered on January 28-29, 2020. MOSCOW (MRC) -- Energy trader Gunvor Group said its oil refinery in Ingolstadt, Germany, was in the process of restarting its first units after finishing maintenance, reported Reuters. Gunvor employed more than 1,600 people in 2012. With margins narrowing in the crude oil business, some of the world’s biggest commodity. November 25, 2019 [Reuters] – Gunvor Group GGL. Gunvor Petroleum Rotterdam BV (GPR), a subsidiary of Gunvor Group Ltd. We deliver the energy people need and want—to heat their homes, to keep their lights on, to keep them mobile and connected. OMV has a total annual refinery capacity of 17. - Aimco committed C$ 200 million to Caloric Well Services Ltd in June. operations as the Swiss trading house further expands in. Refineries are the main naphtha suppliers. Gunvor Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. 0 by 1 person. S and Canadian oil producers cut the number of active rigs by the most in a month since 2015. There are 61 companies in the Gunvor Petroleum Antwerpen corporate family. Gunvor said the 88,000 barrels per day KP Europoort would be re-named Gunvor Petroleum Rotterdam and would be linked to its two other refineries in Antwerp, Belgium and Ingolstadt, Germany. GUNVOR Oil Group owes the Zambian Government about US$2. There is still capacity. This copy is for your personal, non-commercial use. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. According to the International Energy Agency (IEA) oil demand. Gunvor Group Ltd. Liked by Ben Doubroff. Find contact's direct phone number, email address, work history, and more. Products are shipped from the on-site truck-loading rack and railcar-loading facilities. Gunvor has evolved strategically to become one of the world's leading independent commodities trading houses. Central Asian crude CPC Blend, for. Tulane University. Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. Hartree Partners LP 7. Blockchain to Increase Efficiency in Crude Oil Trading Gunvor Group has advised that the. THE Nigerian National Petroleum Corporation, NNPC, has announced 15 consortia/companies, as winners of its 2019/2020 Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. Gunvor has hired a senior veteran oil trader, David Garza, previously with BP L and most recently U. Cargoes are to be supplied on a delivered ex-ship basis to BW’s FSRU BW Integrity with a storage capacity in excess of 170,000 cubic meters and a. HID Inspection Guide Offshore. Experience. 36 on chatter about a 20 mbpd cut then fell to $23. 8 knots and expected to arrive there on May 4, 00:00. As the following chart indicates, the forward curve for crude oil is currently in what the trading world calls a. Crude Operator at Gunvor Group Ltd. The Company trades crude and fuel oil, gasoline, naphtha, and liquefied natural gas. "The physical market is in pain, and there is more pain to come," said Torbjorn Tornqvist, the co-founder of Gunvor Group Ltd. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. That’s simplifying a bit, but a lot of people overlook the predominantly physical nature of what we do. Bunga Kekwa 300KB Gunvor DTD ard +$2. 85 Unipec-Gunvor* 74. 62% of Brent -- or about $7. 28 a barrel. 5 million barrels of crude oil and petroleum products a day. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. Its main trading office. Most of its money is located in the west, they add. 5 million euro), and trading volumes of 184 million metric tons, according to figures posted on the corporate website. Gunvor, which was co-founded by Tornqvist in 2000, has about 1,500 employees worldwide who help source crude oil and refined oil products traded in more than 100 countries. "Putin had two. Gunvor founder and co-owner Gennady Timchenko is a Finnish businessman with Russian origins, specializing for decades on Russian oil and infrastructures. In 2011, Gunvor was trading less than 20% of Russia's seaborne oil. "The physical market is in pain, and there is more pain to come," said Torbjorn Tornqvist, the co-founder of Gunvor Group Ltd. Gunvor is to buy Germany's Ingolstadt refinery, in the latest move by companies with access to Russian crude into Europe's largest refined products market Antwerp refinery to be acquired by Gunvor. Gunvor, and our main competitors, are overwhelmingly physical players. We offtake crude oil from producers of all sizes and manage its trading, storing, financing and supply to counterparties and clients. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. Crude oil in the physical market trades at a premium or discount to Brent, West Texas Intermediate and other benchmarks. The Gunvor case highlighted a need for a shift in focus in Central Africa's fight against corruption. oil refiner Tesoro, to run its U. Former brother-in-law of President Sassou-Nguesso, he allowed Gunvor S. Mr Tornqvist said in a statement that. Direct shipments to India, Iran’s second. , Geneva, has completed a major modernization overhaul of loading processes at the distribution terminal of its 107,500-b. UPDATE 1-Gunvor halts Rotterdam refinery upgrade for new shipping fuels. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. 7 million tons – SGC (stable gas condensate). An initiative to modernize energy trading processes through blockchain was receiving overwhelming interest from market participants, Chief Operations and IT Gunvor Group Eren Zekioglu said in an exclusive interview. Google's free service instantly translates words, phrases, and web pages between English and over 100 other languages. Gunvor USA LLC, a subsidiary of international oil trader Gunvor Group Ltd. As the following chart indicates, the forward curve for crude oil is currently in what the trading world calls a. UL] will overhaul its refinery in Rotterdam in March next year and reconfigure the plant to produce some low sulfur fuel oil that complies with new, global shipping rules, its. August 26, 2016 01:31:36 AM. 94 a barrel. ZWD has painstakingly investigated why Indeni Refinery is suffering from damages caused to the refinery by continuous supply of contaminated crude oil. This will be Gunvor's second five-year contract after the one it signed early last year. By Polymers (ScrapMonster Contributor). 47 per barrel, PetroEcuador announced 18 March 2020 in an official statement. Tarcona / Gunvor Services Jun 2015 – Present 4 years 11 months Specialized in Trading and Shipping activities (physical and paper) related to Oil&Gas: Crude oil, Gasoline, Fuel oil, Gasoil, Naphta, Nat gas, LPG, LNG, Biofuel, Coal + Base/precious Metals. Gunvor Group Ltd. ’s (KPI) 88,000-b/d refinery and supporting product distribution network in Rotterdam. Russian crude and oil products now account for 12 percent of Gunvor’s trading activity. auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Gunvor Group Ltd employs 423 employees. Join to Connect. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430. "Putin had two. Gunvor was founded in 2000 as a merchant of crude oil and oil products. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. enabling Gunvor to acquire crude oil and petroleum. Trading Operator - Crude Desk - West Africa / East Africa / Persian Gulf Gunvor Group Ltd ‏سبتمبر 2012 – الحالي 7 من الأعوام 3 شهور. Gunvor was founded in 2000 as a merchant of crude oil and oil products, and has expanded its trading portfolio to include the global sourcing and delivery of crude oil and refined oil products, LPG, natural gas and LNG, coal, biofuels, carbon and metals. Gunvor Raffinerie Ingolstadt GMBH (GRI), a subsidiary of Gunvor Group Ltd. It also trades African, Asian, and South-American crude and is active on all continents. light crude to benchmark Brent in just a month, as surging U. 94 a barrel. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. Gunvor Group Ltd. Within the Group, Gunvor Refinery in Ingolstadt is one of the most energy efficient refineries in its class in Europe. Newest to Oldest. Gunvor became the biggest independent LNG trader last year after delivering about 11 million mt, a 60% jump from 2017. Gunvor, which was co-founded by Tornqvist in 2000, has about 1,500 employees worldwide who help source crude oil and refined oil products traded in more than 100 countries. Petrol sails to Iran, crude still tough. An initiative to modernize energy trading processes through blockchain was receiving overwhelming interest from market participants, Chief Operations and IT Gunvor Group Eren Zekioglu said in an exclusive interview. Earlier this year, Gunvor shipped its first U. As the following chart indicates, the forward curve for crude oil is currently in what the trading world calls a. was incorporated in 2006 and is based in Singapore. More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude, the government said on Tuesday. Gunvor Group [GGL. Gunvor rebid and raised its price gradually to a discount of $1/b, at which point the bid was sold a second time. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. Trinity Western University. Critics say the wave of renationalisations under Putin has transformed Putin's associates into multimillionaires. This copy is for your personal, non-commercial use. Trading house Gunvor is looking to sell a stake in more of its Rotterdam oil storage, two sources told Reuters, after offloading a chunk last year to a subsidiary of state oil giant Saudi Aramco. He was promoted to Vice-President in 2015 and became head of the department in April 2018. Located in the port of Antwerp, it is 100% owned by the. View Russell Ryan's business profile as Crude Trader at Gunvor Group Ltd. 57 Mbd the same month in 2018, according to TankerTrackers. Its operations consist of securing crude oil upstream and delivering it to market via. , a large trading house. Mercantile and Maritime 11. "In the short-term, the market remains very overwhelmed with misplaced oil," said Torbjorn Tornqvist, co-founder and chief executive officer of Gunvor Group Ltd. 22 people interested. , Nicosia, Cyprus, signed a purchase agreement to acquire the assets of Petroplus's Ingolstadt refinery and related German marketing activities. san miguelito, urb las praderas sa n antonio #124 507-395-6500 panama , rep de panama. Ideal location for crude oil supply. Its main trading office. After peaking at $71/b in the immediate aftermath of the attacks which initially took 5. "The physical market is in pain, and there is more pain to come," said Torbjorn Tornqvist, the co-founder of Gunvor Group Ltd. Gunvor sees major producers capping oil price rises in 2019. Johan Sverdrup is among the largest oil fields on the Norwegian shelf, and will at peak contribute with 25% of the production from the Norwegian shelf. Gunvor Colombia localizada en AVENIDA 82 12 18 OF 401 BOGOTA, CAPITAL DISTRICT 07603. Trading is at the heart of Gunvor's business. Rania Al-Mashat the key elements of the UK’s engagement with Egypt […]. Controlling Crude distillation, Vacuum Unit, Vis breaker Unit, LPG Unit and Sour water treatment units Authority to ensure that all work is performed according to the conditions outlined on the Permit to Work. 8% to close at USD 46. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. Cushing, Oklahoma is a major trading hub for crude oil and has been the delivery point for crude contracts and therefore the price settlement point for West Texas Intermediate on the New York Mercantile Exchange for over three decades. Up-to-the-minute news and analysis on deals, markets and finance around the world. Financial. It's about buying, storing, transforming, and shipping crude and other energy commodities from points of surplus to areas of deficit. Manage, monitor and report all discharges and emissions in compliance with environmental. * As part of this move, Gunvor will disclose information about its first purchases from national oil companies for crude oil and petroleum products, including gas, among other relevant tax and. UL] will overhaul its refinery in Rotterdam in March next year and reconfigure the plant to produce some low sulfur fuel oil that complies with new, global shipping rules, its. What we do Petroleum—or crude oil—is a mixture of carbon particles, formed from the debris of plants and animals that died millions of years ago and, as a result of decay and the pressure of the Earth's surface. Energy holdings-wti-crude-oil 1. About Gunvor Gunvor was founded in 2000 as a merchant of crude oil and oil products. The refinery and its international distribution center have direct access to the open sea and the European hinterland, which is a unique location for producing and distributing finished and intermediate products such as LPG, gasoline, diesel and bunker fuel. Maddox is a privately-owned company trading. marker, traded 1 percent higher at $45. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. Hartree Partners LP, A global merchant commodities firm. View Russell Ryan's business profile as Crude Trader at Gunvor Group Ltd. At OMV refineries crude oil is converted into fuel, heating oil, bitumen and petrochemical products by means of distillation, desulphurization, refining and mixing. Erfahren Sie mehr über die Kontakte von Neil Hitchinson und über Jobs bei ähnlichen Unternehmen. Gunvor Group Limited Shell Western Supply & Trading Bonroy Techchem Company Limited & Guyana Crude Oil (joint venture) Socoil Energy Equity Resources China Offshore Oil Singapore International PTE Mercantile Maritime. Yet the company feared that the Russian-oil business might end one day and since 2006, has sought to diversify its business. Russian crude and oil products now account for 12 percent of Gunvor’s trading activity. 78 a barrel by 6:37 p. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. Vitol Group and Gunvor Group, two of the world’s top merchants, say there’s heavy interest in. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. Erfahren Sie mehr über die Kontakte von Guillaume Bouchez und über Jobs bei ähnlichen Unternehmen. Gunvor was the lowest bidder for cargoes to be delivered in May 11-12, 16-17 and June 14-15 slots. Sehen Sie sich auf LinkedIn das vollständige Profil an. Further References. Gunvor had previously disclosed only that the Swiss. Crude oil storage and throughput. See the complete profile on LinkedIn and discover Ralf’s connections and jobs at similar companies. , Geneva, has completed a major modernization overhaul of loading processes at the distribution terminal of its 107,500-b. When should a small business consider hiring an accountant? If you are in the process of writing a business plan to secure funding or investors, consider getting an accountant who will be able to help you with the process. NNPC Boss: MRS Oil, Statoil, Gunvor International, Eni Trading & Shipping and 220 other foreign and indigenous companies, yesterday, indicated willingness to trade about 700,000 barrels per day of various grades of Nigeria’s crude oil for the 2017 fiscal year. Gunvor became the biggest LNG trader last year at 11 million tonnes. The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Gunvor's head of agriculture Oliver Abela is retiring and the agricultural desk, which trades grains and oilseeds futures contracts, will be phased out as it is regarded as a minor activity compared to Gunvor's massive crude oil, oil products and energy trading operations. Gunvor is one of the largest crude oil traders in the world. Gunvor Group Ltd. CME says NYMEX Crude represents light sweet crude. The National Procurement and Tender Board. Global energy trader Gunvor Group has shaken up its management and appointed a new global head of risk as it re-aligns its offices after weathering a tough year, sources familiar with the matter said. José Luis Zoilo Sánchez. In addition to its traditional trading business in crude oil and oil products, Gunvor Group also trades a broad range of other energy commodities including coal, gas, LNG, and emissions. The aggregate capacity of these refineries is 84. West Texas Intermediate, the U. 7 million tons – dark oil products; 8. Unipec will make the first cargo delivery of an Upper Zakum to Gunvor following the trades. Med Crude-Urals diffs steady in NWE ahead of Russia's Surgut spot tender Reuters Africa Read more UTair to launch seasonal Surgut-Tashkent service from Jun-2020 - CAPA - Centre for Aviation. This copy is for your personal, non-commercial use. Gunvor CEO Tornqvist says Opec has put a floor under oil market. Sacoil Energy Equity Resources 10. Find contact's direct phone number, email address, work history, and more. That was the surprise outcome of the latest big Russian crude oil sales tender, for long routinely won by Gunvor. The Gunvor contract, which runs for five years to June 2022, is priced at 11. Gunvor Petroleum Antwerpen refines crude oil of various types, taking into account a great number of specifications involving yield and processed products such as: fuels for vehicles, fuel for the chemical industry, heating oil, etc. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. Singapore time. engages in the trade, transport, and storage of oil and petroleum products internationally. In ten of the corresponding periods when. We deliver the energy people need and want—to heat their homes, to keep their lights on, to keep them mobile and connected. [11] In 2011, Gunvor was trading less than 20% of Russia's. Ralf has 6 jobs listed on their profile. Russian crude and oil products now account for 12 percent of Gunvor’s trading activity. Shell Western Supply and Trading 9. Gunvor focused initially in Russian crude trading - at some point rivals said it handled up to a third of the country's oil sales - but has since diversified. Erfahren Sie mehr über die Kontakte von Max W. José Luis Zoilo Sánchez. provides import and export services. Gunvor, and our main competitors, are overwhelmingly physical players. Join to Connect. The company, which was founded in 1999, is the fourth largest crude oil trader in the world after. The Company trades crude and fuel oil, gasoline, naphtha, and liquefied natural gas. The situation in 2018 forced Tornqvist to restructure Gunvor, shedding veteran traders and putting new executives in charge of some departments including crude oil and liquefied natural gas. Enbridge’s vision is to be the leading energy delivery company in North America. Indeni Oil Refinery was shut down as key installations were damaged by the faulty crude supplied by Gunvor Oil Group. A futures contract is a legal agreement to buy or sell a physical commodity at some point in the future. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. Gunvor rebid and raised its price gradually to a discount of $1/b, at which point the bid was sold a second time. That's simplifying a bit, but a lot of people overlook the predominantly physical nature of what we do. In 2011, Gunvor was trading less than 20% of Russia's seaborne oil. Specific to oil, the producer (say, Nigeria) sells their product to a buyer (say, Gunvor) under whatever terms, primary trans. Crude awakening: commodity traders look beyond oil. What we do Petroleum—or crude oil—is a mixture of carbon particles, formed from the debris of plants and animals that died millions of years ago and, as a result of decay and the pressure of the Earth's surface. Another part is distributed via wholesalers, traders and oil companies in the Belgian market by Gunvor Belgium. Mercantile and Maritime 11. With margins narrowing in the crude oil business, some of the world’s biggest commodity. Oil storage is king as commodity traders exploit crude crash 5 min read. The company has more than 60 global banking partners, the factsheet said, and sources crude oil from 35 countries. Gunvor Petroleum Antwerpen is a mid-sized refinery situated at an ideal location in the northern part of the port of Antwerp, the largest integrated petrochemical cluster in Europe. Gunvor USA LLC, a subsidiary of international oil trader Gunvor Group Ltd. Blockchain to Increase Efficiency in Crude Oil Trading Gunvor Group has advised that the. 78663 E) reported 1 min ago by AIS. The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. See the complete profile on LinkedIn and discover David’s connections and jobs at similar companies. - for Gunvor: active in the trade, transport and storage of crude oil, refined mineral oil products and other energy products; 1 OJ L 24, 29. From the very beginning we differentiated. SEATTLE (polymers. Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk. The vessel is en route to the port of Hong Kong, sailing at a speed of 11. During 11 of the 13 bursts in 2007 of Gunvor's trading in the window, as identified by the Crude Oil Marketwire, Urals fell against forward-dated Brent. Google's free service instantly translates words, phrases, and web pages between English and over 100 other languages. Erfahren Sie mehr über die Kontakte von Max W. GPR comprises two refinery units for the processing of crude oil and a petrol plant. Enbridge’s vision is to be the leading energy delivery company in North America. The latest bid. purchased a stake in a Paraguay based petroleum supplier in a deal that further diversifies it away from its Russian roots. Some long-time Gunvor executives left, including the global head of crude Jose Orti who retired at the end of 2018. As chief executive officer of Gunvor, a giant crude oil trader he had co-founded with Gennady Timchenko, an ally of Russian President Vladimir Putin, Tornqvist had reason to be concerned that the United States' increasingly tense relations with Russia would end up cutting off the company's main source of oil. Gunvor had previously disclosed only that the Swiss. France's oil major Total SA , mining and trading giant Glencore, and crude oil trader Gunvor have bid to buy 75 percent of Chevron's South African downstream business estimated to be worth US. Experience. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. Tulane University. Information. More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions of interest for a contract to market the Guyanese government's share of the country's crude, the government said on Tuesday. Brent has 5 jobs listed on their profile. Mr Tornqvist said in a statement that. China Offshore Oil Singapore Int’l PTE 4. A total of 45 companies were invited to participate in the international tender whereby four valid offers were received from the companies: Gunvor, Trafigura Pte. Nik has 4 jobs listed on their profile. Gunvor Group Ltd. "In the short-term, the market remains very overwhelmed with misplaced oil," said Torbjorn Tornqvist, co-founder and chief executive officer of Gunvor Group Ltd. Specific to oil, the producer (say, Nigeria) sells their product to a buyer (say, Gunvor) under whatever terms, primary trans. Gunvor's first bid traded at a discount of $1. Gunvor International BV Gunvor International B. Gunvor Group Ltd. Such schemes have been piloted by commodities trading firms in the past. To ensure consistent growth in line the latest regulatory and market developments, Gunvor's Compliance Department also undergoes regular external audits, for benchmarking and assessment, that are conducted by Big Four firms. Cargo trader Gunvor is considering investing in a Rotterdam refinery with the aim of producing clean bunker fuel although details about the project are thin on the ground, according to press reports. Traded volumes rose 22 percent last year to 184 million tonnes. "Crude would be in the teens now if Cushing was full, only catching a bid cuz of storage, trading higher than Houston, Firms including Vitol Group and Gunvor Group, two of the world's. S trading operations last year, expanding outside its core markets in Europe, Asia and Africa. Depending on the product (bitumen, mogas, diesel, heating oil), the refinery served 20% to 30% of the market in Bavaria and the connected regions, Gunvor said. Check out who is attending exhibiting speaking schedule & agenda reviews timing entry ticket fees. Gunvor Group Ltd şirketindeki çalışma hayatı ile ilgili daha fazla bilgi edinin. READ MORE. When the United States ended the waivers last May, Iran’s crude and condensate exports plummeted to below 1 million barrels per day (Mbd), compared to 2. In 2011, Gunvor was trading less than 20% of Russia's seaborne oil. The vessel GUNVOR MAERSK (IMO: 9302891, MMSI. Gunvor hopes to leverage its expertise and existing relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. View Sasha Moritz's business profile as Crude Operator at Gunvor Group Ltd. Gunvor International BV is an energy trading company registered in Amsterdam, Netherlands, with major trading operations in Geneva and Singapore. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. Gunvor began building its U. "The physical market is in pain, and there is more pain to come," said Torbjorn Tornqvist, the co-founder of Gunvor Group Ltd. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. November 25, 2019 [Reuters] – Gunvor Group GGL. [9] [10] It also trades African, Asian, and South-American crude and is active on all continents. With major trading offices in Geneva, Singapore and Dubai, Gunvor handles more than 2. Content Type. Tulane University. Gunvor Group Ltd. Singapore time. Founded in 2000, Gunvor is one of the largest global commodity trading companies in the world. have signed a heads of agreement (Hoa), working toward a 15-year liquefied natural gas (LNG) sale-and-purchase agreement (Spa) for 1. Sehen Sie sich auf LinkedIn das vollständige Profil an. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. The difference between crude production and product demand is about 25 million barrels a day, Gunvor's co-founder and chief executive officer Torbjorn Tornqvist said. , 19th Floor, 10017 New York (US), Tel: +646-421-2900, Fax: +646-421-2901 • Castor Petroleu. Current Owner: Gunvor, Swiss-based trading house Seller: PetroPlus Swiss-based trading firm Gunvor, co-owned by Russian tycoon Gennady Timchenko, bought the refinery in March 2012 from insolvent Petroplus to expand its infrastructure footprint in Europe's largest oil trading hub. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. Gunvor is a commodity trading company that engages in the sourcing, transport, storage and optimization of crude oil, petroleum and other energy assets. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. During 11 of the 13 bursts in 2007 of Gunvor's trading in the window, as identified by the Crude Oil Marketwire, Urals fell against forward-dated Brent. Building on Gunvor’s origins trading crude oil, we began trading in refined petroleum products, including gasoil, fuel oil, gasoline, naphtha and LPG. Trade your global crude and refined portfolio on NYMEX nearly 24 hours a day. Cargo trader Gunvor is considering investing in a Rotterdam refinery with the aim of producing clean bunker fuel although details about the project are thin on the ground, according to press reports. Traded volumes rose 22 percent last year to 184 million tonnes. In addition to its traditional trading business in crude oil and oil products, Gunvor Group also trades a broad range of other energy commodities including coal, gas, LNG, and emissions. Gunvor has hired a senior veteran oil trader, David Garza, previously with BP L> and most recently U. For years OMV has been proactively adapting its refineries to the changing needs of the European market and will continue to do so in future. THE Auditor General says oil trading company Gunvor SA of Switzerland which supplied crude oil that was contaminated with organic chlorides has so far paid only over K5 million for damages to Indeni Oil Refinery due to corrosion and costs, leaving a balance of over K19 million. The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9. Maddox is a privately-owned company trading. The Company trades crude and fuel oil, gasoline, naphtha, and liquefied natural gas. Nik has 4 jobs listed on their profile. Gunvor focused initially in Russian crude trading – at some point rivals said it handled up to a third of the country’s oil sales – but has since diversified. But anyone would be surprised to see a company offering gasoil CIF Dar es Salaam, at a lower price than Platts gasoil price FOB Arabian Gulf (gasoil. [email protected] Gunvor SA (Switzerland) Bonroy Tetchem Co. See the complete profile on LinkedIn and discover Nik’s connections and jobs at similar companies. In return, they increased their commission margin, which was partially used to 'repay. 7 million barrels a day of crude oil and other products, opened offices in Houston and Connecticut last year, said it would not be handling Iranian oil in the foreseeable future. The current position of GUNVOR MAERSK is at China Coast (coordinates 23. Refineries complement Gunvor's trading function, which can create greater. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. The company has more than 60 global banking partners, the factsheet said, and sources crude oil from 35 countries. “Gunvor’s support for the EITI reflects our commitment as a trading house to uphold progressive policies and practices in the oil and gas sector,” said Torbjörn Törnqvist, CEO of Gunvor Group. Trinity Western University. Oil storage is king as commodity traders exploit crude crash 5 min read. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. "In the short-term, the market remains very overwhelmed with misplaced oil," said Torbjorn Tornqvist, co-founder and chief executive officer of Gunvor Group Ltd. 5 July 27-31 TAIWAN/FORMOSA b:Basra Lt 2000KB OSP ard +30 c/b FOB. This is the first time such a move is being made and it promises to revolutionize the crude market. 6 March 2012 Trading company Gunvor, a large seller of Russian crudes, is to buy the Antwerp refinery from the administrators of Petroplus. Gunvor Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. As the following chart indicates, the forward curve for crude oil is currently in what the trading world calls a. 17 to submit an offer for one or more assets, Blackstone Group LP, the financial adviser to Afren's administrators, said in a letter addressed to the trading house. resale or second-hand crude oil or product tanker acquisitions. Refineries complement Gunvor's trading function, which can create greater. Preliminary data updates at approximately 9:00 p. A Crude Recovery. CAPE TOWN – Total, Glencore and Gunvor are bidding for a 75% stake in Chevron’s South African downstream assets, which include a refinery, three industry sources told Reuters on Tuesday. operations as the Swiss trading house further expands in. ships of crude. Erfahren Sie mehr über die Kontakte von Neil Hitchinson und über Jobs bei ähnlichen Unternehmen. Gunvor's first bid traded at a discount of $1. Cushing, Oklahoma is a major trading hub for crude oil and has been the delivery point for crude contracts and therefore the price settlement point for West Texas Intermediate on the New York Mercantile Exchange for over three decades. S trading operations last year, expanding outside its core markets in Europe, Asia and Africa. Gunvor Petroleum Antwerpen refines crude oil of various types, taking into account a great number of specifications involving yield and processed products such as: fuels for vehicles, fuel for the chemical industry, heating oil, etc. The Johan Sverdrup Oil Field development has been given the green light and major contracts have been awarded. Gunvor had previously disclosed. Sehen Sie sich das Profil von Max W. As far as oil capacity and refining complexity are concerned, GPA operates according to European standards. Oil storage is king as commodity traders exploit crude crash 5 min read. Tornqvist told Reuters in November that the company was studying growing opportunities in North America resulting from the shale oil boom, including exporting liquid petroleum gas. 6 million tonnes, almost as much as the Company's total oil production in 2018. View Sasha Moritz's business profile as Crude Operator at Gunvor Group Ltd. The Company trades crude and fuel oil, gasoline, naphtha, and liquefied natural gas. BEIJING (BLOOMBERG) - A former Singapore-based managing director for Gunvor Group Ltd was given a 12-year prison sentence in China for his role in evading Chinese tariffs on oil imports. Gunvor, which was co-founded by Tornqvist in 2000, has about 1,500 employees worldwide who help source crude oil and refined oil products traded in more than 100 countries. In ten of the corresponding periods when. I am a versatile and accomplished Trading Operation Manager with strong analytical skills and commercially driven approach. 1 percent at $47. operations as the Swiss trading house further expands in. Overview Page. commodities & futures market. THE Auditor General says oil trading company Gunvor SA of Switzerland which supplied crude oil that was contaminated with organic chlorides has so far paid only over K5 million for damages to Indeni Oil Refinery due to corrosion and costs, leaving a balance of over K19 million. Crude Operator at Gunvor Group Ltd. enabling Gunvor to acquire crude oil and petroleum. Dutch financial publication Het Financieele Dagblad reports that the move surfaced via an application made to the authorities by the trading company although the company declined to comment. Products are shipped from the on-site truck-loading rack and railcar-loading facilities. Ahead of new rules on shipping fuels taking effect next year, Gunvor is evaluating plans to halt output of high-sulphur fuel oil. 2783 percent of Brent crude oil prices, for May 27-28 delivery at 9. The current position of GUNVOR MAERSK is at China Coast (coordinates 23. gasoline, diesel, blended diesel and jet fuel; Ongoing Projects-Other Information-History. Bunga Kekwa 300KB Gunvor DTD ard +$2. Between 2005 and 2007, Gunvor emerged as Rosneft's preferred trader, marketing between 30 % and 40 % of the Russian firm's crude production. Как свидетельствуют данные Crude Oil Marketwire, в 11 из 13 случаев всплесков торговой активности Gunvor в «окне» MOC в 2007 г. Gunvor opened a new natural gas trading desk in London last year, and it also delivered the first cargo under a 23-year contract with Russia's Yamal LNG. We’re in the logistics business. "Timchenko is a mechanism for helping to raise the price," Mr Temerko says. Join to Connect. 78 a barrel by 6:37 p. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. The crude oil industry is the latest to integrate blockchain technology into its process. 1% from 2012, while China imported 293,000 b/d, up 8. gas and oil-product trading unit. oil refiner Tesoro, to run its U. When should a small business consider hiring an accountant? If you are in the process of writing a business plan to secure funding or investors, consider getting an accountant who will be able to help you with the process. Gunvor Singapore Pte. Enteq Resources 5. The Gunvor Group Ltd management team includes Kalpesh Patel (Head of LNG Trading Asia Pacific), Eren Zekioglu (Vakt Board Memeber), and Muriel Schwab (Geneva Area, Switzerland). Standard 2500 covering the measuring, sampling, and testing of crude oil. 5% higher at $21. Pipelines & Storage. 57 Mbd the same month in 2018, according to TankerTrackers. Mercantile and Maritime 11. Between 2005 and 2007, Gunvor emerged as Rosneft's preferred trader, marketing between 30 % and 40 % of the Russian firm's crude production. Assessments Apr 14, 2020 | 10:00 GMT. 78 a barrel by 6:37 p. In recent weeks, there have been a lot of stories floating around about the "oil storage trade" but we've yet to see a good layman's explanation of how it actually works in practice. Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. The company operates as a subsidiary of Gunvore Group Ltd. By 13 January 2015 at least 11 Very Large Crude Carriers (VLCC) and Ultra Large Crude Carriers (ULCC) were reported as booked with storage options, rising from around five vessels the prior week. 47 per barrel, PetroEcuador announced 18 March 2020 in an official statement. Information. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. Natural gas accounted for 23 percent of Gunvor's traded volumes last year while crude oil accounted for 30 percent. in): Oil Trader Gunvor Group Invests in Paraguay Petroleum Supplier - Oil trader Gunvor Group Ltd. 09612 N / 117. Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. It will be Gunvor's first U. Gunvor employed more than 1,600 people in 2012. Ingrid BAKKE of Norwegian University of Science and Technology, Trondheim (NTNU) | Read 95 publications | Contact Ingrid BAKKE. All the while Gunvor raked in bumper dollars via lock-ins taken in December. Gunvor Petroleum Antwerpen is a mid-sized refinery situated at an ideal location in the northern part of the port of Antwerp, the largest integrated petrochemical cluster in Europe. Consequently, Brent crude for June delivery traded 0. The discounts mean that in the physical market, some crude streams are trading at $15, $10 and even as little as $8 a barrel. The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9. 36 on chatter about a 20 mbpd cut then fell to $23. The current position of GUNVOR MAERSK is at China Coast (coordinates 23. It expects to complete the transaction by end-April. Since chief executive Torbjorn Tornqvist sold some of his shares to employees, the firm has steadily. The discounts mean that in the physical market, some crude streams are trading at $15, $10 and even as little as $8 a barrel. Blockchain to Increase Efficiency in Crude Oil Trading Gunvor Group has advised that the. Any secondary market involves the purchase of (commodity, security, debt instrument) from another speculator or investor. gasoline, diesel, blended diesel and jet fuel; Ongoing Projects-Other Information-History. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for around 70% the country's oil output. Sehen Sie sich auf LinkedIn das vollständige Profil an. The Transalpine (TAL) pipeline, which originates in Trieste, Italy, supplies crude oil to the refinery. Erfahren Sie mehr über die Kontakte von Max W. S production upends. Looking at the Daily Mail dated 8th May 2012 “Oil dela sealed”, we noticed that Gunvor is said to be awarded the crude supply contract It is true that Gunvor put the lowest bid as follows. 1 ("the Merger Regulation"). Trinity Western University. Inspection of Maritime Integrity (Loss of Stability & Position) Contents Summary. The 95 to 100 million tonnes of crude oil annually entering Rotterdam are almost entirely destined for refineries in the port itself and in the Netherlands, Belgium and Germany. marker, traded 1 percent higher at $45. As a supporter of the initiative, Gunvor will disclose information about its first purchases from national oil companies (NOCs) for crude oil, petroleum products, and gas. To remunerate traders, Gunvor developed a complex mechanism involving the sale of crude oil to traders at a lower rate than official market prices. Gunvor employed more than 1,600 people in 2012. GUNVOR Oil Group owes the Zambian Government about US$2. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. Jiayi has 2 jobs listed on their profile. Around two-thirds of Gunvor's volumes delivered were under medium- and long-term contracts. purchased a stake in a Paraguay based petroleum supplier in a deal that further diversifies it away from its Russian roots. 1% from 2012, while China imported 293,000 b/d, up 8. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. 84958 euro). GEORGETOWN, April 21 (Reuters) - More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted. John Cimperman Manager - Railroad Operations at WSP USA. Products are shipped from the on-site truck-loading rack and railcar-loading facilities. - Aimco committed C$ 200 million to Caloric Well Services Ltd in June. The company has said 40 percent of the crude it handles originates from North and South America, including. Crude oil storage and throughput. France's oil major Total SA , mining and trading giant Glencore, and crude oil trader Gunvor have bid to buy 75 percent of Chevron's South African downstream business estimated to be worth US. SEATTLE (polymers. On Thursday, Pakistan banned imports of crude and fuels because its storage sites are full. Enteq Resources 5. THE Auditor General says oil trading company Gunvor SA of Switzerland which supplied crude oil that was contaminated with organic chlorides has so far paid only over K5 million for damages to Indeni Oil Refinery due to corrosion and costs, leaving a balance of over K19 million. Gunvor Petroleum Antwerpen is a mid-sized refinery situated at an ideal location in the northern part of the port of Antwerp, the largest integrated petrochemical cluster in Europe. Singapore time. Since inception it is our vision to establish an international oil trading firm, offering the best service, attracting the best talent in the industry and maintaining exemplary corporate governance. Depending on the product (bitumen, mogas, diesel, heating oil), the refinery served 20% to 30% of the market in Bavaria and the connected regions, Gunvor said. Gunvor to grow shipping, targets ventures with partners. Sehen Sie sich auf LinkedIn das vollständige Profil an. Erfahren Sie mehr über die Kontakte von Neil Hitchinson und über Jobs bei ähnlichen Unternehmen. The refinery's union had previously told Reuters Gunvor planned to close one crude distillation unit at the plant which would mean cutting 25 percent of the refinery's roughly 350-strong. Background. See the complete profile on LinkedIn and discover Tanya’s connections and jobs at similar companies. The refineries in the port have a combined distillation capacity of 58 million tonnes. We’re in the logistics business. Ingrid BAKKE of Norwegian University of Science and Technology, Trondheim (NTNU) | Read 95 publications | Contact Ingrid BAKKE. Gunvor Petroleum Rotterdam; Oil-refineries-rotterdam. Nature of business: Gunvor was founded as a merchant of crude oil and oil products. This is going to be the focus of today's post. Storage both on land and at sea is filling up as traders rush to find a place for the unwanted crude. Gunvor has also added global coal and freight, emissions and renewables, natural gas and LNG, and other commodities to our well established activities in the trading, transport and storage of crude and oil products. View David Fyfe’s profile on LinkedIn, the world's largest professional community. The Rotterdam refinery enhances Gunvor’s refining operations, particularly through its synergies with the Antwerp refinery. Gunvor is a commodity trading company that engages in the sourcing, transport, storage and optimization of crude oil, petroleum and other energy assets. The report added that ConocoPhillips, Cuban Cupet and Cubametales, operator Delaney Petroleum Co, Jamaican Petrojam and Nicaragua also received crude oil and virgin naphtha from Venezuela in May. SEATTLE (polymers. Gunvor Group Ltd. Gunvor Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. 6 Jobs sind im Profil von Guillaume Bouchez aufgelistet. The company has said 40 percent of the crude it handles originates from North and South America, including. Brittany Schantz Crude Oil Trader at Gunvor Group Ltd Houston, Texas Area 500+ connections. "Timchenko is a mechanism for helping to raise the price," Mr Temerko says. Gunvor is an independent energy trading company. 22/11/2010 Gunvor signs an agency agreement with Jean-Marc Henry 18/3/2010 Congo and the IMF sign a debt relief agreement. Most of its money is located in the west, they add. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. WTI: what’s in a name? they were getting WTI have discovered they were getting a different grade. In addition to its traditional trading business in crude oil and oil products, Gunvor Group also trades a broad range of other energy commodities including coal, gas, LNG, and emissions. Gunvor Group Ltd. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. Gunvor CEO Tornqvist says Opec has put a floor under oil market. 10/b to the Das OSP. Gunvor was founded in 2000 as a merchant of crude oil and oil products. Vitol Group and Gunvor Group, two of the world’s top merchants, say there’s heavy interest in. It peaked on the day at $28. The company, which was founded in 1999, is the fourth largest crude oil trader in the world after. Unit engineer, responsible for the crude and vacuum distillation units, the boilerhouse & utilities, and back-up for the gasoline plant. The port of Rotterdam offers the advantage that even the largest oil tankers can enter the port and. See the complete profile on LinkedIn and discover Maria’s connections and jobs at similar companies. Crude oil storage and throughput. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. Gunvor International B. A to obtain 13. The refinery and its international distribution center have direct access to the open sea and the European hinterland, which is a unique location for producing and distributing finished and intermediate products such as LPG, gasoline, diesel and bunker fuel. It now has a strategy of buying assets – storage and tanker capacity, before the refinery acquisitions – to become vertically integrated. VIETNAM/PV OIL s:Bunga Kekwa 300KB Gunvor DTD ard +$2. Oil products transfer by "UST-LUGA OIL" terminal in the year 2014 reached 23. Gunvor Group Ltd. See the complete profile on LinkedIn and discover Ralf's connections and jobs at similar companies. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. Gunvor is to buy Germany's Ingolstadt refinery, in the latest move by companies with access to Russian crude into Europe's largest refined products market Antwerp refinery to be acquired by Gunvor. Gunvor has hired a senior veteran oil trader, David Garza, previously with BP L> and most recently U. In ten of the corresponding periods when. France's oil major Total SA , mining and trading giant Glencore, and crude oil trader Gunvor have bid to buy 75 percent of Chevron's South African downstream business estimated to be worth US.