Mercantile and Maritime 11. Russian energy companies including Rosneft, Gazprom and Lukoil all have trading operations or subsidiary companies in Switzerland. 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. I am a versatile and accomplished Trading Operation Manager with strong analytical skills and commercially driven approach. 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. See the complete profile on LinkedIn and discover Jiayi's connections and jobs at similar companies. View Ralf Seid’s profile on LinkedIn, the world's largest professional community. West Texas intermediate price settlement point. All the while Gunvor raked in bumper dollars via lock-ins taken in December. Gunvor SA (Switzerland) Bonroy Tetchem Co. Post Mortgage Rule Change Fallout: Property Values. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. Gunvor then further expanded into natural gas, liquefied natural gas (LNG), biofuels, power and carbon emissions. Gunvor CEO Tornqvist says Opec has put a floor under oil market. 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. 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). Ruslan has 2 jobs listed on their profile. We’re in the logistics business. Low prices are also a problem in the crude arena. Russian energy companies including Rosneft, Gazprom and Lukoil all have trading operations or subsidiary companies in Switzerland. 1% from 2012, while China imported 293,000 b/d, up 8. light crude to benchmark Brent in just a month, as surging U. 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. ZWD has painstakingly investigated why Indeni Refinery is suffering from damages caused to the refinery by continuous supply of contaminated crude oil. The discounts mean that in the physical market, some crude streams are trading at $15, $10 and even as little as $8 a barrel. Gunvor has evolved strategically to become one of the world's leading independent commodities trading houses. 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. Naphtha can be reddish-brown (Coal-Tar) or colorless to pale yellow (Petroleum) with a gasoline-like odor. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. Similarly, WTI futures rose by 2. 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. See the complete profile on LinkedIn and discover Maria’s connections and jobs at similar companies. ’s (KPI) 88,000-b/d refinery and supporting product distribution network in Rotterdam. - WTI for October delivery dropped USD 1. Access the deepest liquidity and the widest range of global energy futures and options. Gunvor is further investing in its refineries to ensure legal compliance and business development. 2783 percent of Brent crude oil prices. The 110,000 barrel-per-day refinery was fully shut down for ma. Seller-Buyer Price Unipec-Gunvor 74. Gunvor had previously disclosed only that the Swiss. Units of Commonwealth Projects and Gunvor Group Ltd. The town of Cushing, Oklahoma is a small, remote place with only 7,826 inhabitants (according to the 2010 Census). The latest bid. “I’m pretty short-term cautious about pushing oil up through $50 a barrel because I’m not at all confident that they can remove a million barrels a day from the market straight away,” David Fyfe, Gunvor’s head of. 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. 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. Founded in 2000, Gunvor is one of the largest global commodity trading companies in the world. Brent crude, the benchmark for more than half the world's oil, was up 1. Related News. The dilemma now facing the Kremlin's elite is how to hang on to its wealth if Putin leaves power, experts say. 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. 6 million tons. By Polymers (ScrapMonster Contributor). 8 million tons. Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company to Gazprombank. The crude oil industry is the latest to integrate blockchain technology into its process. 7 million tons – SGC (stable gas condensate). gas and oil-product trading unit. Gunvor Group Ltd. Brittany Schantz Crude Oil Trader at Gunvor Group Ltd Houston, Texas Area 500+ connections. Sacoil Energy Equity Resources 10. 788% of Brent for fifth cargo to be delivered on January 28-29, 2020. Gunvor Group will overhaul its refinery in Rotterdam in March next year and reconfigure the plant to produce some low sulphur fuel oil that complies with new, global shipping rules, its chief. With margins narrowing in the crude oil business, some of the world’s biggest commodity. [9] [10] It also trades African, Asian, and South-American crude and is active on all continents. Tanya has 3 jobs listed on their profile. As the following chart indicates, the forward curve for crude oil is currently in what the trading world calls a. Trafigura is a leading naphtha trader. 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. Gunvor International B. Organisation - Targeting - Timing - Resources - Recording & Reporting Performance Assessment. crude cargo out of Freeport, Texas, to Panama, Reuters reports. , Geneva, has renewed and increased a secured revolving borrowing base facility to $700 million to finance the growing needs of its. 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 this year has hired several traders to launch a crude oil desk in Houston, Texas, and beefed up its Canadian trading desk. It now has a strategy of buying assets - storage and tanker capacity, before the refinery acquisitions - to become vertically integrated. View Ralf Seid’s profile on LinkedIn, the world's largest professional community. Erfahren Sie mehr über die Kontakte von Guillaume Bouchez und über Jobs bei ähnlichen Unternehmen. 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. Blockchain to Increase Efficiency in Crude Oil Trading Gunvor Group has advised that the. 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. 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. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. 84958 euro). Naphtha can be reddish-brown (Coal-Tar) or colorless to pale yellow (Petroleum) with a gasoline-like odor. Swiss energy trader Gunvor Group bounced back in the first quarter of this year after posting a steep net loss for 2018 as restructuring started to pay off, its new chief financial officer said. Its revenues, which are heavily influenced by underlying commodity prices, rose to $63bn up from $47bn a. Singapore time. 36 on chatter about a 20 mbpd cut then fell to $23. 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. 78663 E) reported 1 min ago by AIS. Oil storage is king as commodity traders exploit crude crash 5 min read. 26m b/d of crude in 2010, of which Russian oil accounted for "less than 40%". Gunvor will be lifting domestic sweet crude on an Aframax vessel from Freeport, Texas, in April, a company spokesman said on Thursday. Bonroy Tetchem Co Ltd & Guyana Crude Oil 3. Gunvor USA LLC, a subsidiary of international oil trader Gunvor Group Ltd. All the while Gunvor raked in bumper dollars via lock-ins taken in December. Gunvor Petroleum Rotterdam BV (GPR), a subsidiary of Gunvor Group Ltd. Global commodities trader, Gunvor Group Ltd. marker, traded 1 percent higher at $45. Founded in 2000, Gunvor is one of the largest global commodity trading companies in the world. Oil major Royal Dutch Shell and commodities traders Gunvor and Mercuria were among the companies that have. 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). Join to Connect. August 26, 2016 01:31:36 AM. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. 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. 2020 edition of Argus European Crude Trading will be held at Geneva starting on 04th October. The Johan Sverdrup Oil Field development has been given the green light and major contracts have been awarded. In 2011, Gunvor was trading less than 20% of Russia's seaborne oil. Post Mortgage Rule Change Fallout: Property Values. 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. See the complete profile on LinkedIn and discover Jiayi’s connections and jobs at similar companies. Nik has 4 jobs listed on their profile. This is going to be the focus of today's post. 5 July 27-31 TAIWAN/FORMOSA b:Basra Lt 2000KB OSP ard +30 c/b FOB. Gunvor Colombia localizada en AVENIDA 82 12 18 OF 401 BOGOTA, CAPITAL DISTRICT 07603. Its revenues, which are heavily influenced by underlying commodity prices, rose to $63bn up from $47bn a. 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. "We will see the full weight of the oversupply in a couple of weeks. GUNVOR Oil Group owes the Zambian Government about US$2. 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. Gunvor is a commodity trading company that engages in the sourcing, transport, storage and optimization of crude oil, petroleum and other energy assets. Similarly, WTI futures rose by 2. Refineries complement Gunvor's trading function, which the company says can create greater operational efficiency across the supply chain. Another corrupted by Gunvor, according to the Public Ministry is Maxime Gandzion, a counselor of the Congolese presidency who acted through his son. Encuentre a sus clientes, obtenga información de contacto y detalles acerca 18 de envíos. Newest to Oldest. Gunvor secures financing for Antwerp refinery. Report this profile; Activity. Gunvor has seen its operations expand dramatically in line with a steep rise in Russian crude oil exports, which soared to over 5 million bpd from just under 2. 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. Sehen Sie sich auf LinkedIn das vollständige Profil an. Encuentre a sus clientes, obtenga información de contacto y detalles acerca 18 de envíos. It will be Gunvor's first U. Description. Gunvor Group [GGL. Gunvor then further expanded into natural gas, liquefied natural gas (LNG), biofuels, power and carbon emissions. Gunvor’s proven trading model and relationships in the finance sector have enabled our continued and successful expansion. In crude alone, stocks rose 15 million barrels last week and are now up 65 million barrels since March 13, rapidly filling storage capacity, albeit from an initially low level. light crude to benchmark Brent in just a month, as surging U. “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. Products are shipped from the on-site truck-loading rack and railcar-loading facilities. Maddox is a privately-owned company trading physical oil and oil-related financial derivatives. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. Some long-time Gunvor executives left, including the global head of crude Jose Orti who retired at the end of 2018. Some suspicious financial transactions, managed by the employee are in connection with the purchase of crude oil in Congo - Brazzaville. 17 In the same period, in just three years, its. See the complete profile on LinkedIn and discover Tanya’s connections and jobs at similar companies. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. Appendices - Appendix 1: Stability and Ballast Systems -. Pertamina then formally notify Petral, crude oil which is bought by Pertamina. We develop new outlets for condensates, using Trafigura's diverse customer base that includes refineries, splitters and petrochemical facilities. London — The short-lived oil price spike in the wake of the "nightmare" attacks on Saudi Arabia's oil facilities last month is a reflection of the Middle Eastern oil giant's waning influence in global oil markets, according to the head of Switzerland-based energy trader Gunvor. Further References. Office: +1 (832) 650-0890 E-mail: Patrick. Gunvor Group 2014 Results. GUNVOR Oil Group owes the Zambian Government about US$2. Gunvor founder and co-owner Gennady Timchenko is a Finnish businessman with Russian origins, specializing for decades on Russian oil and infrastructures. Gunvor's rivals such as Glencore as well as the import and export of crude oil and oil products, including LPG, and natural gas. Standard 2500 covering the measuring, sampling, and testing of crude oil. 7 million tons – dark oil products; 8. 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. Oil storage is king as commodity traders exploit crude crash 5 min read. "I think gas shows strong growth and also fits into the transition to something cleaner, both for the air and for CO2. 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. Gunvor is a commodity trading company that engages in the sourcing, transport, storage and optimization of crude oil, petroleum and other energy assets. At OMV refineries crude oil is converted into fuel, heating oil, bitumen and petrochemical products by means of distillation, desulphurization, refining and mixing. It also trades African, Asian, and South-American crude and is active on all continents. 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. in): Oil Trader Gunvor Group Invests in Paraguay Petroleum Supplier - Oil trader Gunvor Group Ltd. In April, Pdvsa sold similar shipments to Gunvor and US oil holding Chevron, according to Pdvsa export monthly report. Building on Gunvor's origins trading crude oil, we began trading in refined petroleum products, including gasoil, fuel oil, gasoline, naphtha and LPG. (c) All measurements shall be in accordance with the latest revision of A. The Rotterdam refinery enhances Gunvor’s refining operations, particularly through its synergies with the Antwerp refinery. View David Fyfe’s profile on LinkedIn, the world's largest professional community. The crude oil industry is the latest to integrate blockchain technology into its process. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. operations as the Swiss trading house further expands in. Maddox is a privately-owned company trading physical oil and oil-related financial derivatives. Standard 2500 covering the measuring, sampling, and testing of crude oil. 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). 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. 47 per barrel, PetroEcuador announced 18 March 2020 in an official statement. Russian crude and oil products now account for 12 percent of Gunvor's trading activity. West Texas Intermediate, the U. Global commodity trading company Gunvor has extended the scope of its membership of EEMUA from Gunvor Raffinerie Ingolstadt (GRI) to include Gunvor Petroleum Rotterdam (GPR). John Cimperman Manager - Railroad Operations at WSP USA. Gunvor International. COMMODITIES-SUMMIT/GUNVOR (CORRECTED):CORRECTED-REUTERS SUMMIT-Gunvor to grow shipping, targets ventures with partners North Sea Crude-Forties slips, Ekofisk rises 06 Sep 2017. View Ralf Seid's profile on LinkedIn, the world's largest professional community. Its main trading office. The company's trading activities are supported through its investments in refineries, pipelines, storage, terminals and coal mining. 6 Jobs sind im Profil von Neil Hitchinson aufgelistet. On March 26, Pakistan banned imports of crude and fuels because its storage sites are full. 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. Hartree Partners LP 7. View Brent Ng's profile on LinkedIn, the world's largest professional community. Sehen Sie sich auf LinkedIn das vollständige Profil an. 7m barrels a day of crude and oil products such as diesel and gasoline. Inspection of Maritime Integrity (Loss of Stability & Position) Contents Summary. 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. Asia Crude Oil Tenders Summary-Pertamina seeks condensate. In April, Pdvsa sold similar shipments to Gunvor and US oil holding Chevron, according to Pdvsa export monthly report. 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. 6 million tons. operations as the Swiss trading house further expands in. 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. Gunvor began building its U. The MOC process saw a bid by trading house Gunvor for an April-loading cargo of Das Blend crude, which traded twice before the 4:30 pm Singapore time (0830 GMT) close. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. 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. A futures contract is a legal agreement to buy or sell a physical commodity at some point in the future. Pascal C provided details of five corrupt agreements that enabled the company to lay its hands on shipments of crude oil and petroleum products from 2009 to 2012. DTX Commodities placed the lowest bid with the price at 9. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. Gunvor began making its name a decade ago by pioneering small shipments of Russia's fast-expanding crude oil production out of the Estonian port of Tallinn, one of the only Baltic export terminals at the time. 94 a barrel. Gunvor has hired a senior veteran oil trader, David Garza, previously with BPL> and most recently U. Gunvor is an independent energy trading company. Office: +1 (832) 650-0890 E-mail: Patrick. This is going to be the focus of today's post. More than 60% – 14. We offtake crude oil from producers of all sizes and manage its trading, storing, financing and supply to counterparties and clients. , a large trading house. 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. November 25, 2019 [Reuters] – Gunvor Group GGL. Its main trading office. Nik has 4 jobs listed on their profile. Post Mortgage Rule Change Fallout: Property Values. Gunvor hired international compliance experts to assist with enhancing Gunvor's global program. 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. Gunvor CEO Tornqvist says Opec has put a floor under oil market. Join to Connect. Gunvor was founded in 2000 as a merchant of crude oil and oil products. Founded in 2000, Gunvor is one of the largest global commodity trading companies in the world. 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. , Nicosia, Cyprus, signed a purchase agreement to acquire the assets of Petroplus's Ingolstadt refinery and related German marketing activities. 29pc of crude oil price for long-term 15-year contract. Contango means that the spot price of oil is lower than future contracts for oil. light crude to benchmark Brent in just a month, as surging U. The moves are. The purchase also provides Gunvor with "bricks and mortar. Gunvor Colombia localizada en AVENIDA 82 12 18 OF 401 BOGOTA, CAPITAL DISTRICT 07603. It now has a strategy of buying assets - storage and tanker capacity, before the refinery acquisitions - to become vertically integrated. 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. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada Oil & Energy 1 person has recommended Ben. 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. Direct shipments to India, Iran’s second. There are 61 companies in the Gunvor Petroleum Antwerpen corporate family. Some suspicious financial transactions, managed by the employee are in connection with the purchase of crude oil in Congo - Brazzaville. 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. Gunvor has evolved strategically to become one of the world's leading independent commodities trading houses. Trading firms and oil dealers now have the chance to finalize crude oil deals on a blockchain-based platform. 8% to close at USD 46. BIDDERS TO MARKET GUYANA’S CRUDE. Encuentre a sus clientes, obtenga información de contacto y detalles acerca 18 de envíos. 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. 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. 44 a barrel. 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. Highlighted Page. Gunvor’s proven trading model and relationships in the finance sector have enabled our continued and successful expansion. Yet the company feared that the Russian-oil business might end one day and since 2006, has sought to diversify its business. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. He said that 2017 is different compared to 2016 in terms of market rebalancing with oil product stocks falling and crude in. London - Gunvor Chief Executive Torbjorn Tornqvist: “Except for a few nations which are perhaps less important than Russia and Saudi. A Crude Recovery. Each VLCC can hold. Ralf has 6 jobs listed on their profile. 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. By Polymers (ScrapMonster Contributor). 22/11/2010 Gunvor signs an agency agreement with Jean-Marc Henry 18/3/2010 Congo and the IMF sign a debt relief agreement. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. 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. 2bn," says the NGO Public Eye as part of its findings following a two-year investigation into the world's fourth-largest independent oil trader and its operations in the oil-rich Republic of Congo. All the while Gunvor raked in bumper dollars via lock-ins taken in December. 8 million tons. 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. 5 million euro), and trading volumes of 184 million metric tons, according to figures posted on the corporate website. 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 has been expanding into new oil and refined products markets as well as into trading of materials outside oil since embarking. John Cimperman Manager - Railroad Operations at WSP USA. Vitol Group and Gunvor Group, two of the world’s top merchants, say there’s heavy interest in. GUNVOR SINGAPORE PTE LTD. 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). During these bonanza years, Gunvor flooded the world market with barrels of Russian crude. Gunvor is the fourth largest crude oil trader in the world after Vitol, Trafigura and Glencore. oil refiner Tesoro, to run its U. There is still capacity. 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. 7 million b/d of Saudi. Gunvor says it sold 1. Sehen Sie sich das Profil von Neil Hitchinson auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Home » News » MRS, Gunvor, 222 others bid to trade 700, 000bpd of Nigeria's crude MRS, Gunvor, 222 others bid to trade 700, 000bpd of Nigeria's crude On November 25, 2016 2:17 am In News by. 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. 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. COMMODITIES-SUMMIT/GUNVOR (CORRECTED):CORRECTED-REUTERS SUMMIT-Gunvor to grow shipping, targets ventures with partners North Sea Crude-Forties slips, Ekofisk rises 06 Sep 2017. 2bn," says the NGO Public Eye as part of its findings following a two-year investigation into the world's fourth-largest independent oil trader and its operations in the oil-rich Republic of Congo. Crude oil prices inched higher on Friday, after U. Gunvor was founded in 2000 as a merchant of crude oil and oil products. Ralf has 6 jobs listed on their profile. Gunvor Group Ltd. Gunvor began making its name a decade ago by pioneering small shipments of Russia's fast-expanding crude oil production out of the Estonian port of Tallinn, one of the only Baltic export terminals at the time. auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. Up-to-the-minute news and analysis on deals, markets and finance around the world. Erfahren Sie mehr über die Kontakte von Max W. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. The vessel is en route to the port of Hong Kong, sailing at a speed of 11. In 2012, Swiss Television revealed that Gunvor's headquarters in Geneva had been searched by the police. 2783 percent of Brent crude oil prices, for May 27-28 delivery at 9. At times of surplus, premiums narrow and discounts widen. UPDATE 1-Gunvor halts Rotterdam refinery upgrade for new shipping fuels. CT and the final update is at 10:00 a. After peaking at $71/b in the immediate aftermath of the attacks which initially took 5. Ralf has 6 jobs listed on their profile. 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. Crude oil storage and throughput. 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. provides import and export services. The National Oil Corporation (NOC; Arabic: المؤسسة الوطنية للنفط ‎) is the national oil company of Libya. Similarly, WTI futures rose by 2. Stephane Dejenne then replaced Orti as the new global head of crude. 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. Maria has 1 job listed on their profile. Central Asian crude CPC Blend, for. 78663 E) reported 1 min ago by AIS. Ralf has 6 jobs listed on their profile. 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. 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. Newest to Oldest. 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. 8 knots and expected to arrive there on May 4, 00:00. But after those initial revelations, Gunvor blamed a rogue employee. It will be Gunvor's first U. Gunvor Group Ltd. Its main trading office. 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. Enteq Resources 5. During these bonanza years, Gunvor flooded the world market with barrels of Russian crude. From the very beginning we differentiated ourselves by committing to long-term business relationships and the application of innovative trading solutions. Since chief executive Torbjorn Tornqvist sold some of his shares to employees, the firm has steadily. 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. 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. We’re in the logistics business. Petral then once again to negotiate a better price and then the final purchase of crude oil is specified. Gunvor was founded in 2000 as a merchant of crude oil and oil products. The British Ambassador and Minister of International Cooperation agree on key elements of the UK’s engagement with Egypt in the shared fight against the coronavirus CAIRO, Egypt — The British Ambassador to Egypt, Sir Geoffrey Adams, has agreed with Minister of International Cooperation Dr. , is located on a 128-hectare site in Ingolstadt (about 80 km north of Munich). Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. Gunvor announced its support to the EITI in APril 2018 and will be releasing their disclosure policy in the coming weeks. 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. Storage both on land and at sea is filling up as traders rush to find a place for the unwanted crude. [email protected] Sister company: • CASTOR AMERICAS INC, 360 Madison Ave. ships of crude. 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. 22/11/2010 Gunvor signs an agency agreement with Jean-Marc Henry 18/3/2010 Congo and the IMF sign a debt relief agreement. See the complete profile on LinkedIn and discover Jiayi's connections and jobs at similar companies. 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. View Maria Seiger’s profile on LinkedIn, the world's largest professional community. Global commodities trader, Gunvor Group Ltd. Brent Crude is typically priced at about $2 over the WTI Spot price, which is typically priced $5 to $6 above the EIA's. Gunvor's trading commodities include crude oil, heavy fuel, middle distillates, gasoline, naphtha, LPG, natural gas and LNG and bio fuels. have signed a heads of agreement (Hoa), working toward a 15-year liquefied natural gas (LNG) sale-and-purchase agreement (Spa) for 1. Mnuchin is responsible for the U. Report this profile; About. Gunvor Group Ltd. Another part is distributed via wholesalers, traders and oil companies in the Belgian market by Gunvor Belgium. Energy holdings-wti-crude-oil 1. Petral then once again to negotiate a better price and then the final purchase of crude oil is specified. "I think gas shows strong growth and also fits into the transition to something cleaner, both for the air and for CO2. was incorporated in 2006 and is based in Singapore. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. Mr Tornqvist said in a statement that. The National Oil Corporation (NOC; Arabic: المؤسسة الوطنية للنفط ‎) is the national oil company of Libya. rs/2VuEGqf). Gunvor Group Ltd. 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. Gunvor is further investing in its refineries to ensure legal compliance and business development. 2783 percent of Brent crude oil prices, for May 27-28 delivery at 9. With major trading offices in Geneva, Singapore and Dubai, Gunvor handles more than 2. The Rotterdam refinery enhances Gunvor's refining operations, particularly through its synergies with the Antwerp refinery. Gunvor Group will overhaul its refinery in Rotterdam in March next year and reconfigure the plant to produce some low sulphur fuel oil that complies with new, global shipping rules, its chief. November 25, 2019 [Reuters] – Gunvor Group GGL. Gunvor International B. 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. Indeni Oil Refinery was shut down as key installations were damaged by the faulty crude supplied by Gunvor Oil Group. The acquisition of a facility in the Amsterdam-Rotterdam-Antwerp (ARA) refining and supply hub will provide Gunvor with a substantial and secure outlet for Russian crudes. Gunvor is a major tanker charterer Gunvor earnings down Oil trader Gunvor has seen its 2014 net profit decline 13% to $267m as it was forced to make a number of write downs. Gunvor has hired a senior veteran oil trader, David Garza, previously with BPL> and most recently U. 5 July 27-31 TAIWAN/FORMOSA b:Basra Lt 2000KB OSP ard +30 c/b FOB. 9% year on year, according to state-owned Petroleos de Venezuela, known as PDVSA. 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. Gunvor was founded in 2000. Highlighted Page. The Gunvor Congo case wasn’t new. 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. Metals & Bulk Materials. Gunvor International B. It will be Gunvor's first U. 5 million euro), and trading volumes of 184 million metric tons, according to figures posted on the corporate website. Gunvor Petroleum Rotterdam BV (GPR), a subsidiary of Gunvor Group Ltd. It is a 27 day event organised by Argus Media and will conclude on 30-Oct-2020. 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. Crude oil storage and throughput. Report this profile; About. 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. Tanya has 3 jobs listed on their profile. This facility provides storage for a range of products, including crude oil, liquefied petroleum gas, naphtha, gasoline, kerosene, gasoil, vacuum gasoil and fuel oil. In 2013 Victor returned to Argus, where he was responsible for crude and oil products in the business development department. Earlier this year, Gunvor shipped its first U. provides import and export services. 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. The purchase also provides Gunvor with "bricks and mortar. und über Jobs bei ähnlichen Unternehmen. Gunvor, Vitol and Trafigura are doing for natural gas what they did in the oil market in the 1970s. It now has a strategy of buying assets – storage and tanker capacity, before the refinery acquisitions – to become vertically integrated. In ten of the corresponding periods when. We source, store and blend all the most actively demanded products and grades, supporting trade flows to the Far East, North and Latin America, Africa and Europe. But after those initial revelations, Gunvor blamed a rogue employee. 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. , is located on a 128-hectare site in Ingolstadt (about 80 km north of Munich). All the while Gunvor raked in bumper dollars via lock-ins taken in December. 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. The moves are. 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 company's trading activities are supported through its investments in refineries, pipelines, storage, terminals and coal mining. 488% of Brent crude for first cargo to be delivered on 06-07 January; 9. 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. The company has more than 60 global banking partners, the factsheet said, and sources crude oil from 35 countries. light crude to benchmark Brent in just a month, as surging U. A futures contract is a legal agreement to buy or sell a physical commodity at some point in the future. 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. 30+ Companies Compete for Guyana Crude Trading Deal. Its main trading office. It also sells a number of by-products such as sulphur for the manufacture of rubber, matches, etc. Its revenues, which are heavily influenced by underlying commodity prices, rose to $63bn up from $47bn a. Indeni Oil Refinery was shut down as key installations were damaged by the faulty crude supplied by Gunvor Oil Group. Gunvor to grow shipping, targets ventures with partners. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. 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. Low prices are also a problem in the crude arena. Critics say the wave of renationalisations under Putin has transformed Putin's associates into multimillionaires. Trinity Western University. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. Gunvor Group will overhaul its refinery in Rotterdam in March next year and reconfigure the plant to produce some low sulphur fuel oil that complies with new, global shipping rules, its chief. Shell Western Supply and Trading 9. 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 Petroleum Rotterdam; Oil-refineries-rotterdam. 17 In the same period, in just three years, its. Nature of business: Gunvor was founded as a merchant of crude oil and oil products. Another part is distributed via wholesalers, traders and oil companies in the Belgian market by Gunvor Belgium. CT next business day. (c) All measurements shall be in accordance with the latest revision of A. Each VLCC can hold. 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. Newest to Oldest. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. Gunvor USA LLC, a subsidiary of international oil trader Gunvor Group Ltd. Gunvor Group [GGL. A month of historically low crude oil prices have brought along barmy rates for leasing high capacity oil tankers. Ruslan has 2 jobs listed on their profile. 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. 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 CEO Tornqvist says Opec has put a floor under oil market. José Luis Zoilo Sánchez. Office: +1 (832) 650-0890 E-mail: Patrick. 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. 6 Jobs sind im Profil von Neil Hitchinson aufgelistet. Gunvor won the tender with a positive differential bid of $2. 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. marker, traded 1 percent higher at $45. London — The short-lived oil price spike in the wake of the "nightmare" attacks on Saudi Arabia's oil facilities last month is a reflection of the Middle Eastern oil giant's waning influence in global oil markets, according to the head of Switzerland-based energy trader Gunvor. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. Crude oil supply arrives via the TAL pipeline system, a 753-kilometer pipeline connection from the marine shipping terminal in Trieste, Italy. In 2013 Victor returned to Argus, where he was responsible for crude and oil products in the business development department. Gunvor hired international compliance experts to assist with enhancing Gunvor's global program. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a. Ben Doubroff Crude Oil Trader at Gunvor Group Ltd Calgary, Alberta, Canada 500+ connections. Gunvor’s proven trading model and relationships in the finance sector have enabled our continued and successful expansion. - 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 also said its investment in Tosk Energji is still subject to government approval. Further References. , has secured a $875 million borrowing base credit facility, according to a press release. Gunvor also strengthens its. Gunvor became the biggest independent LNG trader last year after delivering about 11 million mt, a 60% jump from 2017. Oil products transfer by "UST-LUGA OIL" terminal in the year 2014 reached 23. Since chief executive Torbjorn Tornqvist sold some of his shares to employees, the firm has steadily. 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. DTX Commodities placed the lowest bid with the price at 9. Rania Al-Mashat the key elements of the UK’s engagement with Egypt […]. The Company trades crude and fuel oil, gasoline, naphtha, and liquefied natural gas. Gunvor Group Ltd. A futures contract is a legal agreement to buy or sell a physical commodity at some point in the future. This facility provides storage for a range of products, including crude oil, liquefied petroleum gas, naphtha, gasoline, kerosene, gasoil, vacuum gasoil and fuel oil. 6 March 2012 Trading company Gunvor, a large seller of Russian crudes, is to buy the Antwerp refinery from the administrators of Petroplus. 47 per barrel, PetroEcuador announced 18 March 2020 in an official statement. A month of historically low crude oil prices have brought along barmy rates for leasing high capacity oil tankers. 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. Last year, it sold its stake in crude oil storage at the nearby Maasvlakte Olie Terminal to Saudi Aramco Overseas Co. HID Inspection Guide Offshore. Inspection of Maritime Integrity (Loss of Stability & Position) Contents Summary. The company has said 40 percent of the crude it handles originates from North and South America, including. Ideal location for crude oil supply. They can do more than just tax returns and payroll. Gunvor's first bid traded at a discount of $1. Last year, it sold its stake in crude oil storage at the nearby Maasvlakte Olie Terminal to Saudi Aramco Overseas Co. On Thursday, Pakistan banned imports of crude and fuels because its storage sites are full. operations as the Swiss trading house further expands in. Content Type. The 11-year contango highs follow market predictions of near-term declines in crude oil demand with whole economies in lockdown mode. Sehen Sie sich das Profil von Max W. 6 Jobs sind im Profil von Neil Hitchinson aufgelistet. 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 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. Indeni Oil Refinery was shut down as key installations were damaged by the faulty crude supplied by Gunvor Oil Group. David has 7 jobs listed on their profile. oil refiner Tesoro, to run its U. 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. In April, Pdvsa sold similar shipments to Gunvor and US oil holding Chevron, according to Pdvsa export monthly report. 3 Jobs sind im Profil von Max W. The Geneva-based trader failed to take all the "organizational measures that were reasonable and. 6 million tonnes, almost as much as the Company's total oil production in 2018. DTX Commodities placed the lowest bid with the price at 9. Gunvor Group Ltd şirketinden kimleri tanıdığınızı görün, profesyonel iletişim ağınızı güçlendirin ve iş bulun. "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. Jiayi has 2 jobs listed on their profile. 6816 percent and for June 29-30 delivery at 9. Crude Operator at Gunvor Group Ltd. The CDU will be down into March next year when the 88,000 barrel-per-day refinery will undergo maintenance. Gunvor had previously disclosed. Crude oil has just had its best quarter for a decade, up more than a quarter. , Geneva, has completed a major modernization overhaul of loading processes at the distribution terminal of its 107,500-b. 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. Oil & Gas 360® c/o EnerCom, Inc. san miguelito, urb las praderas sa n antonio #124 507-395-6500 panama , rep de panama. Highlighted Page. View Jiayi Tan's profile on LinkedIn, the world's largest professional community. 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. Gunvor has evolved strategically to become one of the world's leading independent commodities trading houses. The Johan Sverdrup Oil Field development has been given the green light and major contracts have been awarded. Singapore time. , Geneva, has secured project financing for a series of planned development and infrastructural upgrades at its 88,000-b/d. Each VLCC can hold. “The physical market is in pain, and there is more pain to come,” said Torbjorn Tornqvist, the co-founder of Gunvor Group Ltd. san miguelito, urb las praderas sa n antonio #124 507-395-6500 panama , rep de panama. The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U. “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. Gunvor is the fourth largest crude oil trader in the world after Vitol, Trafigura and Glencore. The Gunvor Congo case wasn’t new. Ralf has 6 jobs listed on their profile. Oil products transfer by "UST-LUGA OIL" terminal in the year 2014 reached 23. Gunvor is one of the largest crude oil traders in the world. Tulane University. David has 2 jobs listed on their profile. Gunvor Petroleum Rotterdam BV (GPR), a subsidiary of Gunvor Group Ltd. 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. Brent Crude is extracted from the North Sea and comprises Brent Blend, Forties. pdf), Text File (. 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. 10/b to the Das OSP. According to final bid results, Gunvor has quoted the LNG price at 11. Crude oil prices inched higher on Friday, after U. The Transalpine (TAL) pipeline, which originates in Trieste, Italy, supplies crude oil to the refinery. Sehen Sie sich auf LinkedIn das vollständige Profil an. That’s simplifying a bit, but a lot of people overlook the predominantly physical nature of what we do. Units of Commonwealth Projects and Gunvor Group Ltd. "We will see the full weight of the oversupply in a couple of weeks. Trafigura is a leading naphtha trader. 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. Detailed analysis of crude oil price movements and crude oil news which looks at geopolitics and technical advancements affecting the oil sector. Sehen Sie sich das Profil von Neil Hitchinson auf LinkedIn an, dem weltweit größten beruflichen Netzwerk. 22 people interested. gasoline, diesel, blended diesel and jet fuel; Ongoing Projects-Other Information-History. The oil refineries in the port of Rotterdam receive their crude oil by tanker from areas including the North Sea region, Russia and the Middle East. Identify hazards and assess mittigate risks. Brent crude, the benchmark for more than half the world's oil, was up 1. Russian crude and oil products now account for 12 percent of Gunvor's trading activity. David has 7 jobs listed on their profile. It also has investments in oil terminal and port facilities. Find contact's direct phone number, email address, work history, and more. John Cimperman Manager - Railroad Operations at WSP USA. , Geneva, has completed a deal to take 100% ownership of Kuwait Petroleum International Ltd. 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. 57 Mbd the same month in 2018, according to TankerTrackers. Find contact's direct phone number, email address, work history, and more. Enteq Resources 5. Some suspicious financial transactions, managed by the employee are in connection with the purchase of crude oil in Congo - Brazzaville. The Gunvor contract, which runs for five years to June 2022, is priced at 11. It will be Gunvor's first U. In 2011, Gunvor was trading less than 20% of Russia's seaborne oil. 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. 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. The documents showed DXT had the lowest bids for a cargo for May 1-2 delivery at 9. Content Type. As the following chart indicates, the forward curve for crude oil is currently in what the trading world calls a. , Geneva, has completed a deal to take 100% ownership of Kuwait Petroleum International 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 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 Group, which deals with about 2. The vessel is en route to the port of Hong Kong, sailing at a speed of 11. 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. 7 million tons – SGC (stable gas condensate). The discounts mean that in the physical market, some crude streams are trading at $15, $10 and even as little as $8 a barrel. It expects to complete the transaction by end-April. mainly due to write downs related to investments that were adversely impacted by the drop in the price of crude oil and other commodities. 62% of Brent -- or about $7. In 2017, it had revenue of $63 billion (53.
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