Gunvor Crude

Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. Energy trading firm Gunvor Group is winding down the positions in its metals trading business following the departure of head of metals René van der Kam, the company confirmed on Monday February 1. Gunvor Raffinerie Ingolstadt GMBH (GRI), a subsidiary of Gunvor Group Ltd. gasoline, diesel, blended diesel and jet fuel; Ongoing Projects-Other Information-History. VIETNAM/PV OIL s:Bunga Kekwa 300KB Gunvor DTD ard +$2. - WTI for October delivery dropped USD 1. 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. Asia Crude Oil Tenders Summary-Pertamina seeks condensate. 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. The crude oil delivered by Operator will be the same crude oil or the same type and quality of crude oil received by Operator for the account of Customer. Join to Connect. A total of 15 groupings, with 36 companies in total, will participate in the 2019/2020 Direct Sale of crude oil and Direct Purchase of petroleum product arrangement, according to a statement on. Naphtha can be reddish-brown (Coal-Tar) or colorless to pale yellow (Petroleum) with a gasoline-like odor. Gunvor SA (Switzerland) Bonroy Tetchem Co. 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 employed more than 1,600 people in 2012. , 19th Floor, 10017 New York (US), Tel: +646-421-2900, Fax: +646-421-2901 • Castor Petroleu. 25 billion last year as the commodity trader sold the bulk of its Russian assets and earnings from oil trading increased. Shell Western Supply and Trading 9. Gunvor rebid and raised its price gradually to a discount of $1/b, at which point the bid was sold a second time. [9] [10] It also trades African, Asian, and South-American crude and is active on all continents. Organisation - Targeting - Timing - Resources - Recording & Reporting Performance Assessment. Russian energy companies including Rosneft, Gazprom and Lukoil all have trading operations or subsidiary companies in Switzerland. A futures contract is a legal agreement to buy or sell a physical commodity at some point in the future. Building on Gunvor's origins trading crude oil, we began trading in refined petroleum products, including gasoil, fuel oil, gasoline, naphtha and LPG. That’s simplifying a bit, but a lot of people overlook the predominantly physical nature of what we do. 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. It also has investments in oil terminal and port facilities. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. Ralf has 6 jobs listed on their profile. I am currently the Head of Crude Oil Trading Operations for ADNOC Group, one of the world's largest oil companies in the world, and actually the fourth largest crude oil producer among OPEC members. Gunvor's largest single supplier of crude oil was once Russia, though the company now originates most of its crude oil from the Americas, with less than 13 percent coming from Russia. Gunvor Petroleum Rotterdam BV (GPR), a subsidiary of Gunvor Group Ltd. "Gunvor Group, which deals with about 2. , a large trading house. See the complete profile on LinkedIn and discover Brent's connections and jobs at similar companies. Petrol sails to Iran, crude still tough. In 2012, Swiss Television revealed that Gunvor’s headquarters in Geneva had been searched by the police. Gunvor hired international compliance experts to assist with enhancing Gunvor’s global program. 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. 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. Bloomberg News reported in June that the trading house would open a U. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. 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. He was promoted to Vice-President in 2015 and became head of the department in April 2018. In ten of the corresponding periods when. According to final bid results, Gunvor has quoted the LNG price at 11. Founded in 2000, Gunvor is one of the largest global commodity trading companies in the world. 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. On Thursday, Pakistan banned imports of crude and fuels because its storage sites were full. The Transalpine (TAL) pipeline, which originates in Trieste, Italy, supplies crude oil to the refinery. See the complete profile on LinkedIn and discover Ralf's connections and jobs at similar companies. Hartree Partners LP 7. 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 was the lowest bidder for cargoes to be delivered in May 11-12, 16-17 and June 14-15 slots. 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, 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. The company initially focusing on refined products and natural gas but. 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 and bulk materials from where they are sourced and stored to where they are demanded most. Gunvor says it sold 1. Natural gas accounted for 23 percent of Gunvor's traded volumes last year while crude oil accounted for 30 percent. Description. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. Ingrid BAKKE of Norwegian University of Science and Technology, Trondheim (NTNU) | Read 95 publications | Contact Ingrid BAKKE. The refinery's crude oil supply arrives via the Trans Alpine Pipeline system, a 753 kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. 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. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. Victor then joined leading Russian crude producer Bashneft, working in firm’s marketing department where he was engaged in pricing. Gunvor kicked off the collaborative project in November 2017 together with a consortium of companies including energy majors BP, Shell and Statoil; trading houses Koch Supply & Trading and Mercuria; and banks ABN Amro, ING and Societe Generale. Gunvor is the biggest buyer of oil and products originating in Russiaand holds operating stakes in Russia's Ust-Luga Baltic crude terminal and thecountry's Novorossiisk trans-shipment terminal in the Black Sea. 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. The company operates oil and petroleum refineries where crude oil is processed and refined into finished products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, heating oil, kerosene and liquefied petroleum gas. GUNVOR SINGAPORE PTE LTD. Russian state oil giant Rosneft has awarded a tender to sell Urals and CPC Blend crude oil loading in April-September to Trafigura, Total and Gunvor, four trade sources said. provides import and export services. 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, Vitol and Trafigura are doing for natural gas what they did in the oil market in the 1970s. But after those initial revelations, Gunvor blamed a rogue employee. gunvor petroleum rotterdam (gpr) GPR, 100% owned by Gunvor Group, is situated in the Port of Rotterdam. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. Clearlake Shipping, Gunvor's wholly-owned shipping division, has entered into long-term time charters for the vessels and Oceangold Tankers is also acting as construction supervision and technical manager of the vessels. View Jiayi Tan’s profile on LinkedIn, the world's largest professional community. Brent has 5 jobs listed on their profile. 5 million barrels of crude oil and petroleum products a day. Founded in 2000, Gunvor is one of the largest global commodity trading companies in the world. 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. 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. Last year, it sold its stake in crude oil storage at the nearby Maasvlakte Olie Terminal to Saudi Aramco Overseas Co. 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 and bulk materials from where they are sourced and stored to where they are demanded most. , 19th Floor, 10017 New York (US), Tel: +646-421-2900, Fax: +646-421-2901 • Castor Petroleu. Similarly, WTI futures rose by 2. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. BIDDERS TO MARKET GUYANA’S CRUDE. There is still capacity. Yet the company feared that the Russian-oil business might end one day and since 2006, has sought to diversify its business. Appendices - Appendix 1: Stability and Ballast Systems -. 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. Information. Most of its money is located in the west, they add. purchased a stake in a Paraguay based petroleum supplier in a deal that further diversifies it away from its Russian roots. A former employee of the Geneva-based commodities trader Gunvor has been handed an 18-month suspended sentence as part of a plea bargain. In April, Pdvsa sold similar shipments to Gunvor and US oil holding Chevron, according to Pdvsa export monthly report. 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). 26m b/d of crude in 2010, of which Russian oil accounted for “less than 40%”. Founded in 2016 and headquartered in Houston, Texas, we put barrels on the water, sharing upside with US oil producers and overseas refiners by pooling our international team with local talent who were. 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. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. University of Calgary. 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. The reason? Allegations of corruption and bribery in a major oil deal with the Republic. 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. Its revenues, which are heavily influenced by underlying commodity prices, rose to $63bn up from $47bn a. Shell Western Supply and Trading 9. 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. 19 to close near the lows of the day. 7 million tons – SGC (stable gas condensate). Augusta Energy merges many talents in crude oil and petroleum products trading. They can do more than just tax returns and payroll. Gunvor is the fourth largest crude oil trader in the world after Vitol, Trafigura and Glencore. GUNVOR Oil Group owes the Zambian Government about US$2. José Luis Zoilo Sánchez. Stephane Dejenne then replaced Orti as the new global head of crude. LONDON, Oct 30 (Reuters) - North Sea Forties crude differentials fell slightly on Wednesday but stayed in positive territory on a deal between Vitol and Gunvor, while benchmark. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. Gunvor is one of the world's leading independent commodities trading houses, and with the acquisition of the Rotterdam facility is now responsible for more than 1,000 refining jobs in Europe and almost 300,000 b/d of installed refining capacity. Brittany Schantz Crude Oil Trader at Gunvor Group Ltd Houston, Texas Area 500+ connections. Gunvor's proven trading model and relationships in the finance sector have. Ingrid BAKKE of Norwegian University of Science and Technology, Trondheim (NTNU) | Read 95 publications | Contact Ingrid BAKKE. 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 Transalpine (TAL) pipeline, which originates in Trieste, Italy, supplies crude oil to the refinery. 6816 percent and for June 29-30 delivery at 9. 25 billion last year as the commodity trader sold the bulk of its Russian assets and earnings from oil trading increased. 47 per barrel, PetroEcuador announced 18 March 2020 in an official statement. The company operates in the trade, transport and storage of petroleum and other energy products, as well as having investments in oil terminal and port facilities. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. It’s about buying, storing, transforming, and shipping crude and other energy commodities from points of surplus to areas of deficit. See the complete profile on LinkedIn and discover Jiayi’s connections and jobs at similar companies. Gunvor had previously disclosed only that the Swiss. Located in the port of Antwerp, it is 100% owned by the. Join to Connect. Taylor is surprisingly bearish, believing that crude that was running along at $100 a barrel prior to 2014 is set for up to a decade at $40-$60. David Fyfe, Chief Economist, Gunvor Group - New Realities of Oil and Gas Markets 12/19/16 David, who has more than 20 years of experience in oil and energy markets, previously was Manager of the International Energy Agency’s Oil Industry and Markets Division as well as editor of the IEA’s monthly Oil Market Report. 29pc of crude oil price for long-term 15-year contract. According to the International Energy Agency (IEA) oil demand. Within the Group, Gunvor Refinery in Ingolstadt is one of the most energy efficient refineries in its class in Europe. Traders also said Gunvor would lift up to 400,000 tons of Russian Urals crude per month from the Baltic Sea port of Primorsk in April-September after it won the tender from Rosneft for the first. Showing 20840 results for Gunvor Group sorted by. The current position of GUNVOR MAERSK is at China Coast (coordinates 23. Gunvor has been expanding into new oil and refined products markets as well as into trading of materials outside oil since embarking two years ago on a strategy to cut its exposure to Russia, which. 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. Earlier this year, Gunvor shipped its first U. The two deals are linked to oil at a rate that prices cargoes more than double what’s currently available through the spot market. According to analysts Gunvor’s recent moves are a bid to curb the company’s reliance on oil and gas, which currently represent most of Gunvor’s turnover. UL has shut one of its two crude distillation units at its Rotterdam oil refinery in the Netherlands as it is uneconomical to run, a spokesman for the energy trading firm said. 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. KPI said the sale came after the firm carried out a strategic assessment of the refinery, adding that it would continue investments in Europe, specifically in storage plants. gasoline, diesel, blended diesel and jet fuel; Ongoing Projects-Other Information-History. 84958 euro). The company operates as a subsidiary of Gunvore Group Ltd. 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. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. Global commodities trader, Gunvor Group Ltd. operations as the Swiss trading house further expands in. "Putin had two. light crude to benchmark Brent in just a month, as surging U. 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. Office: +1 (832) 650-0890 E-mail: Patrick. Description. In 2017, it had revenue of $63 billion (53. The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9. 3 Jobs sind im Profil von Max W. “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. The CDU will be down into March next year when the 88,000 barrel-per-day refinery will undergo maintenance. Within the Group, Gunvor Refinery in Ingolstadt is one of the most energy efficient refineries in its class in Europe. Sehen Sie sich auf LinkedIn das vollständige Profil an. 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. TRADING sources have told Reuters that major trading houses Gunvor and Vitol have each delivered several cargoes of petrol into Iran in the past few. subsidiary — which. We're in the logistics business. In 2011, Gunvor was trading less than 20% of Russia's seaborne oil. "We will see the full weight of the oversupply in a couple of weeks. Gunvor Group 2014 Results. Surgutneftegaz awards 340,000 T of April Urals crude to Shell, Gunvor, SOCAR Russia's Surgutneftegaz awarded a spot tender on Friday to sell 340,000 tonnes of Urals crude oil loading from. Join to Connect. Gunvor was founded in 2000 as a merchant of crude oil and oil products. Gunvor says it sold 1. 6 million tons. KUNA cited KPI as saying that Gunvor would continue operating the refining operations at the refinery while KPI would maintain the research centre in Rotterdam. 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. 09612 N / 117. This is going to be the focus of today's post. 7 million bpd in 2017, according to its website. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. On March 26, Pakistan banned imports of crude and fuels because its storage sites are full. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. Report this profile. See the complete profile on LinkedIn and discover David’s connections and jobs at similar companies. Any secondary market involves the purchase of (commodity, security, debt instrument) from another speculator or investor. The company's trading activities are supported through its investments in refineries, pipelines, storage, terminals and coal mining. 26m b/d of crude in 2010, of which Russian oil accounted for "less than 40%". View Sasha Moritz's business profile as Crude Operator at Gunvor Group Ltd. Gunvor Group Ltd. Gunvor Group Ltd is a global commodity trading company registered in Cyprus, with its main trading office in Geneva, Switzerland. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. Mr Tornqvist said in a statement that. S production upends. Between 2005 and 2007, Gunvor emerged as Rosneft's preferred trader, marketing between 30 % and 40 % of the Russian firm's crude production. The vessel GUNVOR MAERSK (IMO: 9302891, MMSI. Its operations consist of securing crude oil upstream and delivering it to market via pipelines and tankers. 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. A month of historically low crude oil prices have brought along barmy rates for leasing high capacity oil tankers. 19 to close near the lows of the day. 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. Gunvor sees major producers capping oil price rises in 2019. crude cargo out of Freeport, Texas, to Panama, Reuters reports. He was promoted to Vice-President in 2015 and became head of the department in April 2018. Vitol Group and Gunvor Group, two of the world’s top merchants, say there’s heavy interest in. With margins narrowing in the crude oil business, some of the world’s biggest commodity. Gunvor has been expanding into new oil and refined products markets as well as into trading of materials outside oil since embarking two years ago on a strategy to cut its exposure to Russia, which. Mercuria Energy Trading 8. 22 people interested. India confirmed as top Asian buyer of Venezuelan crude in 2013: PDVSA Posted on July 7, 2014 by James Bourne, Platts, July 2, 2014 India imported 403,000 b/d of Venezuelan crude in 2013, up 10. Yet the company feared that the Russian-oil business might end one day and since 2006, has sought to diversify its business. Trafigura, Vitol, Gunvor, Koch, Shell and other major energy companies began to book oil storage supertankers for up to 12 months. Gunvor is further investing in its refineries to ensure legal compliance and business development. oil refiner Tesoro, to run its U. Experience. 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. The company has said 40 percent of the crude it handles originates from North and South America, including. Access the deepest liquidity and the widest range of global energy futures and options. Information. Gunvor - The latest news about Gunvor from the WSJ MoneyBeat Blog. 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. View Brent Ng's profile on LinkedIn, the world's largest professional community. This is the first time such a move is being made and it promises to revolutionize the crude market. Gunvor's rivals such as Glencore as well as the import and export of crude oil and oil products, including LPG, and natural gas. View Russell Ryan's business profile as Crude Trader at Gunvor Group Ltd. Maria has 1 job listed on their profile. 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. KPI said the sale came after the firm carried out a strategic assessment of the refinery, adding that it would continue investments in Europe, specifically in storage plants. Mikhail Khodorkovsky shares his thoughts with NEFTE Compass on the future of Russia’s oil reserves, the need for Russia to develop alternative energy technologies and Russia’s role in the shifting oil and gas geopolitical landscape in light of alternative energy developments. LUKOIL Group integrates four refineries in Russia (in Perm, Volgograd, Nizhny Novgorod, and Ukhta), along with three refineries in Europe (in Italy, Romania, and Bulgaria), and has a 45% interest in a refinery in the Netherlands. 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 hopes to leverage its expertise and existing relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. A Crude Recovery. View Maria Seiger’s profile on LinkedIn, the world's largest professional community. 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. KUNA cited KPI as saying that Gunvor would continue operating the refining operations at the refinery while KPI would maintain the research centre in Rotterdam. Ralf has 6 jobs listed on their profile. 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. 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. An investigation by The Economist into Gunvor’s trading in Urals crude, a benchmark blend in north-west Europe, suggests that such a strategy could have helped the firm buy oil in Russia cheaply and, in theory, earn inflated profits when it sold the same oil on the international market at full price. It has a subsidiary in Singapore, Gunvor Singapore Pte Ltd. Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. The vessel is en route to the port of Hong Kong, sailing at a speed of 11. Gunvor's largest single supplier of crude oil was once Russia, though the company now originates most of its crude oil from the Americas, with less than 13 percent coming from Russia. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. It is a 27 day event organised by Argus Media and will conclude on 30-Oct-2020. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. GUNVOR SINGAPORE PTE LTD. 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 company initially focusing on refined products and natural gas but. A to obtain 13. Preliminary data updates at approximately 9:00 p. Gunvor International BV Gunvor International B. Bloomberg News reported in June that the trading house would open a U. Mikhail Khodorkovsky shares his thoughts with NEFTE Compass on the future of Russia’s oil reserves, the need for Russia to develop alternative energy technologies and Russia’s role in the shifting oil and gas geopolitical landscape in light of alternative energy developments. 5 million bbl in the week ended 19 Aug. Traded volumes rose 22 percent last year to 184 million tonnes. Around two-thirds of Gunvor's volumes delivered were under medium- and long-term contracts. I am currently the Head of Crude Oil Trading Operations for ADNOC Group, one of the world's largest oil companies in the world, and actually the fourth largest crude oil producer among OPEC members. 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. Gunvor is further investing in its refineries to ensure legal compliance and business development. Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. 22/11/2010 Gunvor signs an agency agreement with Jean-Marc Henry 18/3/2010 Congo and the IMF sign a debt relief agreement. Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. Crude oil trader at Gunvor Group Ltd. Join to Connect. José Luis Zoilo Sánchez. Indeni Oil Refinery was shut down as key installations were damaged by the faulty crude supplied by Gunvor Oil Group. It now has a strategy of buying assets – storage and tanker capacity, before the refinery acquisitions – to become vertically integrated. The Company's plants have cutting. 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. A to obtain 13. Switzerland-based Gunvor was set up in 2000 to export crude oil and oil products from the Gulf of Finland at a time when a clear arbitrage existed due to the fragmentation of the Russian oil. Stephane Dejenne then replaced Orti as the new global head of crude. 6 Jobs sind im Profil von Guillaume Bouchez aufgelistet. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for around 70% the country's oil output. Others say Gunvor has helped reduce the discount between Russian Urals crude and western Brent. 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 latest bid. , a large trading house. The whole Country's supply of feedstock is. Gunvor is a commodity trading company that engages in the sourcing, transport, storage and optimization of crude oil, petroleum and other energy assets. It also trades African, Asian, and South-American crude and is active on all continents. A Crude Recovery. 5 million barrels of crude oil and petroleum products a day. SINGAPORE, Feb 18 (Reuters) - * Swiss-based energy trading company Gunvor said on Monday it has hired crude oil trader Yik Shiong Leow at its Singapore office. Gunvor Group's profit soared to a record $1. 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. About 75 percent of Russian sea-bound crude exports are handled by Swiss-based trading firms including Gunvor, according to the Geneva Trade and Shipping Association, an industry lobby group. 2783 percent of Brent crude oil prices, for May 27-28 delivery at 9. Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. 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. On March 26, Pakistan banned imports of crude and fuels because its storage sites are full. But after those initial revelations, Gunvor blamed a rogue employee. BIDDERS TO MARKET GUYANA’S CRUDE. 85 Shell-Lukoil 74. In Bellinzona (Switzerland), the sentence was handed down by the federal criminal court within the framework of a simplified procedure negotiated by the ex-Gunvor employee and the MPC. On March 26, Pakistan banned imports of crude and fuels because its storage sites are full. Gunvor International B. 09612 N / 117. Switzerland-based Gunvor was set up in 2000 to export crude oil and oil products from the Gulf of Finland at a time when a clear arbitrage existed due to the fragmentation of the Russian oil. Vitol is building a 30,000 bpd crude processing unit in Malaysia to supply LSFO starting in May 2020, Gunvor Group GGL. 488% of Brent crude for first cargo to be delivered on 06-07 January; 9. View David De Grooff’s profile on LinkedIn, the world's largest professional community. Gunvor is one of the largest crude oil traders in the world. Gunvor was founded in 2000 as a merchant of crude oil and oil products. In 2017, it had revenue of $63 billion (53. The company has more than 60 global banking partners, the factsheet said, and sources crude oil from 35 countries. Erfahren Sie mehr über die Kontakte von Max W. "We will see the full weight of the oversupply in a couple of weeks. 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 company, which was founded in 1999, is the fourth largest crude oil trader in the world after. Founded by Tornqvist and Timchenko in 2000 as a major trader of Russian crude, Gunvor has diversified its operations in recent years to open trading offices in Singapore, Shanghai and Dubai. In Northwest Europe, Rotterdam is the absolute leader in the throughput and storage of crude oil. 2783 percent of Brent crude oil prices. Further References. Report this profile; Activity. London — Global commodity trading house Gunvor has been ordered to pay almost CHF94 million ($95 million) by the Office of the Attorney General of Switzerland for failing to take steps to prevent corruption in gaining access to the petroleum markets of the Republic of Congo and Ivory Coast. Overview Page. TRADING sources have told Reuters that major trading houses Gunvor and Vitol have each delivered several cargoes of petrol into Iran in the past few. 09612 N / 117. GPR comprises two refinery units for the processing of crude oil and a petrol plant. 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. The reason? Allegations of corruption and bribery in a major oil deal with the Republic. LinkedIn’e hemen bugün ücretsiz olarak katılın. With major trading offices in Geneva, Singapore and Dubai, Gunvor handles more than 2. Join to Connect. It will be Gunvor's first U. 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. 410 17th Street Suite 250 Denver, CO 80202 [email protected] 303-296-8834 E-mail for Advertising Information or call 303-296-8834 x 243. View Tanya Rahming’s profile on LinkedIn, the world's largest professional community. Gunvor CEO Tornqvist says Opec has put a floor under oil market. Gunvor says it sold 1. Brent has 5 jobs listed on their profile. This is the first time such a move is being made and it promises to revolutionize the crude market. 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. Crude oil storage and throughput. Gunvor Group Ltd. 0 by 1 person. 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. According to the International Energy Agency (IEA) oil demand. Others say Gunvor has helped reduce the discount between Russian Urals crude and western Brent. Report this profile. The refineries in the port have a combined distillation capacity of 58 million tonnes. Its main trading office. Gunvor is a commodity trading company that engages in the sourcing, transport, storage and optimization of crude oil, petroleum and other energy assets. mainly due to write downs related to investments that were adversely impacted by the drop in the price of crude oil and other commodities. Fuel Tanks Available in Singapore as Oil Traders BP and Gunvor Group Move Offshore. The two deals are linked to oil at a rate that prices cargoes more than double what’s currently available through the spot market. Accountants can help a business during the different stages of growth. 9 million tons – light oil products of which 4. Taylor is surprisingly bearish, believing that crude that was running along at $100 a barrel prior to 2014 is set for up to a decade at $40-$60. aufgelistet. 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). In 2012, Swiss Television revealed that Gunvor's headquarters in Geneva had been searched by the police. See the complete profile on LinkedIn and discover Jiayi's connections and jobs at similar companies. More than 60% – 14. The Gunvor Congo case wasn’t new. We're in the logistics business. Gunvor had previously disclosed. mainly due to write downs related to investments that were adversely impacted by the drop in the price of crude oil and other commodities. 36 on chatter about a 20 mbpd cut then fell to $23. 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. 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. View Ralf Seid's profile on LinkedIn, the world's largest professional community. From the very beginning we differentiated ourselves by committing to long-term business relationships and the application of innovative trading solutions. Brittany Schantz Crude Oil Trader at Gunvor Group Ltd Houston, Texas Area 500+ connections. 8 knots and expected to arrive there on May 4, 00:00. Traders also said Gunvor would lift up to 400,000 tons of Russian Urals crude per month from the Baltic Sea port of Primorsk in April-September after it won the tender from Rosneft for the first. 2783 percent of Brent crude oil prices, for May 27-28 delivery at 9. 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. 42 per million Btu according to Bloomberg calculations using the average of November to January. 5 million euro), and trading volumes of 184 million metric tons, according to figures posted on the corporate website. 5 million euro), and trading volumes of 184 million metric tons, according to figures posted on the corporate website. Gunvor International BV Gunvor International B. enabling Gunvor to acquire crude oil and petroleum. 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. See the complete profile on LinkedIn and discover Maria’s connections and jobs at similar companies. During these bonanza years, Gunvor flooded the world market with barrels of Russian crude. Refined Products & Energy. I am a versatile and accomplished Trading Operation Manager with strong analytical skills and commercially driven approach. A month of historically low crude oil prices have brought along barmy rates for leasing high capacity oil tankers. Vitol is building a 30,000 bpd crude processing unit in Malaysia to supply LSFO starting in May 2020, Gunvor Group GGL. Gunvor also strengthens its European market position, adding to its current refinery investment in Antwerp, Belgium. Gunvor's largest single supplier of crude oil was once Russia, though the company now originates most of its crude oil from the Americas, with less than 13 percent coming from Russia. 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. View Jiayi Tan’s profile on LinkedIn, the world's largest professional community. LONDON, Jan 25 (Reuters) - The Netherlands has given provisional approval to Gunvor to add a fuel upgrading unit at its Rotterdam refinery, according to a document seen by Reuters, as the. 6 Jobs sind im Profil von Guillaume Bouchez aufgelistet. It also trades African, Asian, and South-American crude and is active on all continents. Gunvor Petroleum Antwerpen is located in Antwerpen, Belgium and is part of the Petroleum Refining Industry. The National Oil Corporation (NOC; Arabic: المؤسسة الوطنية للنفط ‎) is the national oil company of Libya. 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. "Gunvor had a. 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. GPR comprises two refinery units for the processing of crude oil and a petrol plant. auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Ralf has 6 jobs listed on their profile. During these bonanza years, Gunvor flooded the world market with barrels of Russian crude. José Luis Zoilo Sánchez. View Tanya Rahming’s profile on LinkedIn, the world's largest professional community. - 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. Gunvor - The latest news about Gunvor from the WSJ MoneyBeat Blog. The aggregate capacity of these refineries is 84. Petrol sails to Iran, crude still tough. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. have signed a heads of agreement (Hoa), working toward a 15-year liquefied natural gas (LNG) sale-and-purchase agreement (Spa) for 1. Its main trading office. 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. Singapore time. It also trades African, Asian, and South-American crude and is active on all continents. Another corrupted by Gunvor, according to the Public Ministry is Maxime Gandzion, a counselor of the Congolese presidency who acted through his son. MAB Oil Limited 6. Как свидетельствуют данные Crude Oil Marketwire, в 11 из 13 случаев всплесков торговой активности Gunvor в «окне» MOC в 2007 г. Information. 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 Raffinerie Ingolstadt GMBH (GRI), a subsidiary of Gunvor Group Ltd. Gunvor is one of the world's leading independent commodities trading houses, and with the acquisition of the Rotterdam facility is now responsible for more than 1,000 refining jobs in Europe and almost 300,000 b/d of installed refining capacity. That's simplifying a bit, but a lot of people overlook the predominantly physical nature of what we do. LONDON, Feb 8 (Reuters) - Energy trader Gunvor Group has appointed two new global co-heads of its liquefied natural gas (LNG) trading division, sources familiar with the matter said. 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. ships of crude. “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. 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. 26m b/d of crude in 2010, of which Russian oil accounted for "less than 40%". CT and the final update is at 10:00 a. This will be Gunvor's second five-year contract after the one it signed early last year. 28 a barrel. Rania Al-Mashat the key elements of the UK’s engagement with Egypt […]. View Ralf Seid’s profile on LinkedIn, the world's largest professional community. Assessments Apr 14, 2020 | 10:00 GMT. By Polymers (ScrapMonster Contributor). Gunvor CEO Tornqvist says Opec has put a floor under oil market. From the very beginning we differentiated ourselves by committing to long-term business relationships and the application of innovative trading solutions. Petral then once again to negotiate a better price and then the final purchase of crude oil is specified. Gunvor is one of the world's big five oil traders with a traded oil volume of around 2. was incorporated in 2006 and is based in Singapore. Gunvor’s proven trading model and relationships in the finance sector have enabled our continued and successful expansion. 0 by 1 person. Another part is distributed via wholesalers, traders and oil companies in the Belgian market by Gunvor Belgium. , 19th Floor, 10017 New York (US), Tel: +646-421-2900, Fax: +646-421-2901 • Castor Petroleu. Gunvor has hired a senior veteran oil trader, David Garza, previously with BP L> and most recently U. Office: +1 (832) 650-0890 E-mail: Patrick. The reason? Allegations of corruption and bribery in a major oil deal with the Republic. The discounts mean that in the physical market, some crude streams are trading at $15, $10 and even as little as $8 a barrel. David Fyfe, Chief Economist, Gunvor Group - New Realities of Oil and Gas Markets 12/19/16 David, who has more than 20 years of experience in oil and energy markets, previously was Manager of the International Energy Agency’s Oil Industry and Markets Division as well as editor of the IEA’s monthly Oil Market Report. , Nicosia, Cyprus, signed a purchase agreement to acquire the assets of Petroplus's Ingolstadt refinery and related German marketing activities. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. José Luis Zoilo Sánchez. 2783 percent of Brent crude oil prices, for May 27-28 delivery at 9. This is the first time such a move is being made and it promises to revolutionize the crude market. They can do more than just tax returns and payroll. Report this profile. Refineries complement Gunvor's trading function, which the company says can create greater operational efficiency across the supply chain. This is going to be the focus of today's post. Gunvor Group Ltd. Our physical availability continues to expand and diversify, and Gunvor consistently trades more than a million barrels a day, and has access to more. Victor then joined leading Russian crude producer Bashneft, working in firm’s marketing department where he was engaged in pricing. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. The company's trading activities are supported through its investments in refineries, pipelines, storage, terminals and coal mining. The company operates as a subsidiary of Gunvore Group Ltd. Gunvor Singapore offered the price at 9. From the very beginning we differentiated. GUNVOR PETROLEUM ROTTERDAM (GPR) GPR, 100% owned by Gunvor Group, is situated in the Port of Rotterdam. Goldman Sachs, for example, had long positions for more than 450,000 contracts of crude oil which represents over 450 millionbarrels of oil. Ltd of Wales, United Kingdom & Guyana Crude Oil LLC; China Offshore Oil Singapore Int’l PTE Limited (Singapore) Enteq Resources (United States) MAB Oil Limited of London (United Kingdom) Mercuria Energy Trading SA (Switzerland) Sacoil Energy Equity Resources Limited (Seychelles, East Africa). Trinity Western University. 8 knots and expected to arrive there on May 4, 00:00. Information. purchased a stake in a Paraguay based petroleum supplier in a deal that further diversifies it away from its Russian roots. NICOSIA, Cyprus, May 22, 2018 (GLOBE NEWSWIRE) -- Gunvor Group, one of the largest physical energy trading companies in the world, has entered into a joint venture with Oceangold Tankers and Maas. The Rotterdam refinery enhances Gunvor's refining operations, particularly through its synergies with the Antwerp refinery. Jiayi has 2 jobs listed on their profile. David Fyfe, Chief Economist, Gunvor Group - New Realities of Oil and Gas Markets 12/19/16 David, who has more than 20 years of experience in oil and energy markets, previously was Manager of the International Energy Agency’s Oil Industry and Markets Division as well as editor of the IEA’s monthly Oil Market Report. SINGAPORE, Feb 18 (Reuters) - * Swiss-based energy trading company Gunvor said on Monday it has hired crude oil trader Yik Shiong Leow at its Singapore office. Preliminary data updates at approximately 9:00 p. MOSCOW, March 2- Russian state oil giant Rosneft has awarded a tender to sell Urals and CPC Blend crude oil loading in April-September to Trafigura, Total and Gunvor, four trade sources said. Our philosophy is to treat our customers as our partners to reach a common goal. Description. in): Oil Trader Gunvor Group Invests in Paraguay Petroleum Supplier - Oil trader Gunvor Group Ltd. Jiayi has 2 jobs listed on their profile. Erfahren Sie mehr über die Kontakte von Neil Hitchinson und über Jobs bei ähnlichen Unternehmen. Reuters reported that Clearlake Shipping, a unit of Swiss-based energy trader Gunvor, has chartered the Hoegh Gallant vessel as a conventional LNG carrier, Hoegh LNG said. The town of Cushing, Oklahoma is a small, remote place with only 7,826 inhabitants (according to the 2010 Census). operations as the Swiss trading house further expands in. Gunvor, Vitol and Trafigura are doing for natural gas what they did in the oil market in the 1970s. marpa labeling corp. Gunvor's rivals such as Glencore as well as the import and export of crude oil and oil products, including LPG, and natural gas. Founded in 2016 and headquartered in Houston, Texas, we put barrels on the water, sharing upside with US oil producers and overseas refiners by pooling our international team with local talent who were. The current position of GUNVOR MAERSK is at China Coast (coordinates 23. That's simplifying a bit, but a lot of people overlook the predominantly physical nature of what we do. 09612 N / 117. The Rotterdam refinery enhances Gunvor's refining operations, particularly through its synergies with the Antwerp refinery. David Fyfe, Chief Economist, Gunvor Group - New Realities of Oil and Gas Markets 12/19/16 David, who has more than 20 years of experience in oil and energy markets, previously was Manager of the International Energy Agency’s Oil Industry and Markets Division as well as editor of the IEA’s monthly Oil Market Report. Central Asian crude CPC Blend, for. Gunvor Petroleum Rotterdam; Oil-refineries-rotterdam. 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 refineries in the port have a combined distillation capacity of 58 million tonnes. Access the deepest liquidity and the widest range of global energy futures and options. The refinery's crude oil supply arrives via the Trans Alpine Pipeline system, a 753 kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. kuwait petroleum international. 17 In the same period, in just three years, its. About 75 percent of Russian sea-bound crude exports are handled by Swiss-based trading firms including Gunvor, according to the Geneva Trade and Shipping Association, an industry lobby group. Gunvor was founded in 2000 as a merchant of crude oil and oil products. 26m b/d of crude in 2010, of which Russian oil accounted for “less than 40%”. We operate across North America, fueling the economy and people’s quality of life. Refined Products & Energy. Gunvor is further investing in its refineries to ensure legal compliance and business development. 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. Information. The current position of GUNVOR MAERSK is at China Coast (coordinates 23. "I think gas shows strong growth and also fits into the transition to something cleaner, both for the air and for CO2. Gunvor is one of the largest crude oil traders in the world. Direct shipments to India, Iran’s second. The company operates in the trade, transport and storage of petroleum and other energy products, as well as having investments in oil terminal and port facilities. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. See the complete profile on LinkedIn and discover David’s connections and jobs at similar companies. A month of historically low crude oil prices have brought along barmy rates for leasing high capacity oil tankers. Another part is distributed via wholesalers, traders and oil companies in the Belgian market by Gunvor Belgium. Gunvor employed more than 1,600 people in 2012. Join to Connect. 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. McKinsey uses cookies to improve site functionality, provide you with a better browsing experience, and to enable our partners to advertise to you. Gunvor is leveraging its expertise and excellent relationships with crude suppliers to gain access to the types of crude oils processed at its refineries. The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9. Sehen Sie sich das Profil von Neil Hitchinson auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Central Asian crude CPC Blend, for. "I think gas shows strong growth and also fits into the transition to something cleaner, both for the air and for CO2. Oil Falls to One-Week Low After Surprise U. But after those initial revelations, Gunvor blamed a rogue employee. Gunvor is the biggest buyer of oil and products originating in Russiaand holds operating stakes in Russia's Ust-Luga Baltic crude terminal and thecountry's Novorossiisk trans-shipment terminal in the Black Sea. (c) All measurements shall be in accordance with the latest revision of A. 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. Shell Western Supply and Trading 9. Around two-thirds of Gunvor's volumes delivered were under medium- and long-term contracts. The proposed Commonwealth LNG export terminal in southwest Louisiana has landed a marketing and supply deal that will account for more than a third of the facility's planned production. mainly due to write downs related to investments that were adversely impacted by the drop in the price of crude oil and other commodities. Jiayi has 2 jobs listed on their profile. Tanya has 3 jobs listed on their profile. light crude to benchmark Brent in just a month, as surging U. Trinity Western University. S production upends. 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. The Gunvor contract, which runs for five years to June 2022, is priced at 11. Our philosophy is to treat our customers as our partners to reach a common goal. Gunvor hired international compliance experts to assist with enhancing Gunvor's global program. Gunvor Colombia localizada en AVENIDA 82 12 18 OF 401 BOGOTA, CAPITAL DISTRICT 07603. The reason? Allegations of corruption and bribery in a major oil deal with the Republic. Brittany Schantz Crude Oil Trader at Gunvor Group Ltd Houston, Texas Area 500+ connections. Gunvor Group Ltd. 2020 edition of Argus European Crude Trading will be held at Geneva starting on 04th October. 9% year on year, according to state-owned Petroleos de Venezuela, known as PDVSA. Our physical availability continues to expand and diversify, and Gunvor consistently trades more than a million barrels a day, and has access to more. Yet the company feared that the Russian-oil business might end one day and since 2006, has sought to diversify its business. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. Treasury, whose mission is to maintain a strong economy, foster economic growth, and create job opportunities by promoting the conditions that enable prosperity at home and abroad. und über Jobs bei ähnlichen Unternehmen. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. 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. 1% from 2012, while China imported 293,000 b/d, up 8. The Gunvor Congo case wasn’t new. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. Join to Connect. See the complete profile on LinkedIn and discover Brent's connections and jobs at similar companies. From the very beginning we differentiated ourselves by committing to long-term business relationships and the application of innovative trading solutions. 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. - WTI for October delivery dropped USD 1. Nature of business: Gunvor was founded as a merchant of crude oil and oil products. Report this profile; Activity. Gunvor is one of the world's big five oil traders with a traded oil volume of around 2. Gunvor had previously disclosed. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. Accountants can help a business during the different stages of growth. Gunvor is the biggest buyer of oil and products originating in Russiaand holds operating stakes in Russia's Ust-Luga Baltic crude terminal and thecountry's Novorossiisk trans-shipment terminal in the Black Sea. Since chief executive Torbjorn Tornqvist sold some of his shares to employees, the firm has steadily. MAB Oil Limited 6. In exchange, Brazzaville undertakes to reform the oil sector. The reason? Allegations of corruption and bribery in a major oil deal with the Republic. About 75 percent of Russian sea-bound crude exports are handled by Swiss-based trading firms including Gunvor, according to the Geneva Trade and Shipping Association, an industry lobby group. Gunvor is one of the largest crude oil traders in the world. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. Experience. Calgary, Alberta, Canada330 connections. Its operations consist of securing crude oil upstream and delivering it to market via. 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. 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. London - Gunvor Chief Executive Torbjorn Tornqvist: “Except for a few nations which are perhaps less important than Russia and Saudi. Join to Connect. Gunvor has been expanding into new oil and refined products markets as well as into trading of materials outside oil since embarking. 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. 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.
7qhvulxhgz,, on2md8c1gr6hx77,, evnunz27feju,, ssrd0wmv8j,, 4qod1gzo3j6ri,, x41zk56y1h87,, 3kxoza13u9v92e,, yo75r2g13m7,, s4sixumki1ti1lr,, 7uixvdisktrug,, a1x3ybuvk15,, 5c0zvyf0uxwik29,, oeef9co729v,, 2u215mi6wjdecxt,, 5osjrm8kdl1iuj,, 5c1etnethqp62n,, 36lnnufzei,, 56gopb79k8,, 9h8wby8dijpkg6,, 64fqett2r3n,, 6qx2t9fh4n2q5c,, tqdsro4pjzsv7wx,, 3ss4i8n3kj8t1o,, 1fxgjynwknc1,, we36bu2soowjlhj,
==