Set up contracts, processes, built client base and gained knowledge resulting in Morgan Stanley being the largest physical shipper of Jet Fuel in 2006 with a record profit of $90m. Livezilor 18 Brasov. Net profit was US $315 million in 2016. The contract structure allows flexibility for up to 1. Gunvor is committed to take the full contract capacity of the ‘Gandria’ FLNG ‘of 2. Reuters Canada - By Julia Payne. Its refined product prices and refining margins, therefore, are set by these trade flows rather than local marginal-configuration economics. CenturyLink Business delivers breaking news and information on the latest top stories, weather, business, entertainment, politics, video, photo galleries and more. Trading house Gunvor reported a healthy rise in core earnings on stable revenues in the first six months of 2014 despite a brief spell of turmoil when its co-founder, Russian businessman Gennady. LONDON — A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. The office said Thursday it ordered Gunvor to pay compensation of nearly 90 million Swiss francs, "which corresponds to the total profit that Gunvor made from the business in question," and 4. 25bn for 2015 as trading activity in its core markets climbed during the commodities price rout. The Group has a number of other offices and entities around the world. LONDON, Oct 9 (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products. Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2014, which marked the company’s 15 th year in business. The trading house reported a 10pc increase in profits last. Responsible for the delivery of the company’s profit targets through the effective leadership of the sales department and the management of trade relationships across both Video and Video Gaming product. See the complete profile on LinkedIn and discover Pierre’s connections and jobs at similar companies. -- Net profit after taxes for 2016 was US $315 million, a decrease from US $1. He spent his childhood in East Germany and in Ukraine. In 2007, the company had an annual turnover of about 70 billion dollars and profits of several million dollars. The biography: He was born in November, 1952 in a family of military man. A weaker oil price tends to be a boon to refiners, who can profit from more generous refining margins. This list provides the names and official addresses of international non-governmental organizations maintaining official relations with UNESCO in accordance with the relevant Directives, adopted by the General Conference of UNESCO at its 28th Session (1995) and amended at its 31st Session. 336 Total = One million eight hundred and three thousand Ihree hunched. Cargill, Incorporated. At the same time, Gunvor announced that Timchenko had sold his share to Tornqvist on Wednesday, a day earlier. Fortuna FLNG Offtake Awarded to Gunvor. How to Invest in Renewable Energy: 4 Ways to Profit The future is leaning towards renewable energy. Gunvor Ask, author of Med saks og papir, on LibraryThing. Gunvor reaped juicy profits from both its trading operations and prefinancing deals. According to the documents we were able to consult, Gunvor was able to make a profit on the exchange rate, and a favourable clause enabled it to pocket an extra USD 10. To request such access, you may fill in the form below, or, if you are already registered, you may go directly to the login page. Swiss-based trading house Gunvor, which had been trying to cut asset exposure to the Russian market, is among the winners of a large Rosneft tender, traders said on Tuesday. Set up contracts, processes, built client base and gained knowledge resulting in Morgan Stanley being the largest physical shipper of Jet Fuel in 2006 with a record profit of $90m. These include international non-profit organization such as the World Organization of the Scout Movement, International Committee of the Red Cross and Médecins Sans Frontières, but also NGOs that lobby on behalf of for-profit companies such as the World Economic Forum. Bangladesh secured more competitive LNG pricing with AOT compared to its contract with. This image comes from the Southerly Clubs of Stockholm, Sweden, a non-profit society which owns image publication rights to the archives of Lars Jacob Prod, Mimical Productions, F. The average annual salary in Singapore is S$67,152. Golar LNG Limited: Fortuna FLNG Offtake Awarded to Gunvor The Ministry of Mines and Hydrocarbons ("MMH"), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial ("GEPetrol") have nominated Gunvor Group Ltd ("Gunvor") as its preferred LNG Buyer for offtake from the Fortuna FLNG project. The refinery will be renamed Gunvor Refinery. Internship in the consulting department, working with clients as “Telefonica C. Net profit after taxes for 2017 was US $162 million, representing the company's 18 th straight year of profitable operations. Gunvor Group Ltd. 9 million it earned during the 12-month period ending September 31, 2017. The partnership reported a profit of $29. Gunvor Petroleum Rotterdam B. 25 billion in 2015, a year in which Gunvor executed a number of significant asset sales; however, the figure represents. ADM is a U. “30% of the world’s titanium is produced by the VSMPO-AVISMA corporation—the largest manufacturer of. LONDON, Oct 9 (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products. The Associated Press. The multi-million compensation equals the total profit that Gunvor made at the time it conducted business in the two African countries. In 2013, the Group posted trading volumes of approximately 131 million tons (or equivalent), with sales turnover over US$ 90 billion and a net profit of US$ 308 million. 2 MMTPA, which will be purchased on a Brent-linked, Free on Board (FOB) basis for a 10 year term. MOSCOW -- Oil trader Gunvor has decided against signing a contract for oil products bought through tenders from Russia’s troubled Antipinsky refinery, three trading sources told Reuters. Singapore • Maintenance of a trading system to provide senior management with regular and accurate reports of daily trading profit & loss, and market data. The company has posted gross profit of $800 million for the. Net profit was US $315 million in 2016. Oil & Gas Gunvor in deal to. Operations Executive Gunvor Group Ltd September 2012 – Present 7 years 2 months. , Nicosia. Gunvor, one of the world’s largest independent energy traders, saw its profits almost half last year as its faced tough market conditions that squeezed margins as it invested heavily to build a. Gunvor (Gunnvǫr) is a feminine Old Norse given name. Bangladesh said in May it had terminated talks with Trafigura. A rebound in profit this year has allowed Gunvor Group to cancel plans to sell i Jonathan "J. A weaker oil price tends to be a boon to refiners, who can profit from more generous refining margins. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. The revenues of Gunvor when compared to 2014 slumped by. Stock market quotes, news, charts, financials, technical analysis and stocks, indexes, commodities, forex trading strategies. But underlying trading and refining profits were also strong, up 10% from 2014. It is the only major producer to sell oil to speculators and traders rather than end users. Therefore all vacancies are up to date. Gunvor Group Ltd. After three decades of stellar expansion and booming revenues, profit margins at Vitol, Glencore, Trafigura, Gunvor, Mercuria and other merchants have been squeezed by a market again awash with crude and amid stiff competition from national oil firms. An explosive investigation by Swiss NGO Public Eye has revealed the complex tangle by which employees of Gunvor, one of the world’s biggest oil traders, offered secret payments to officials in the Republic of Congo for access to the country’s assets. Facebook gives people the power to share and makes the. Vitol and Gunvor, two private companies. What are synonyms for The Urals?. Net income rose more than. 2 MMTPA, which will be purchased on a Brent-linked, Free on Board (FOB) basis for a 10 year term. 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. Saucers Plates - 6. Gunvor fra Tranøy og hunden velger i år å ta ferien på "apostlenes hester". To request such access, you may fill in the form below, or, if you are already registered, you may go directly to the login page. As a result of that meeting, Petrbangla is working on a final draft of a deal with AOT, officials there said. Hi, I'm Pernille Erland Jensen and I'm Gunvor Marie Kirkelund. This image comes from the Southerly Clubs of Stockholm, Sweden, a non-profit society which owns image publication rights to the archives of Lars Jacob Prod, Mimical Productions, F. A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. The company, which is based in Geneva, said net income rose to $1. The foundation works with several international aid groups. A financial position is a mere reflection of its liscence to profit & the management of its affairs in Geneva. is on track for its highest-ever annual profit from oil and gas trading and has. Gunvor’s involvement is a further addition to a strong partnerships along the Fortuna value chain. Managed projects include the development of a Safety, Health & Environmental Management system for the Gunvor owned refineries; the maintenance of the REACH registrations hold by Gunvor; preparing the Antwerp refinery for ISO14001 certification of its environmental management system; implementation of a new system for incident management. Two of the world's biggest independent oil traders emerged as winners from the oil price crash on Tuesday by reporting some of their best profits ever. In 1970 he entered the Leningrad mechanical institute on a specialty of the engineer-electric mechanic. Antwerp Area, Belgium. The company has posted gross profit of $800 million for the. LONDON (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. will pay $95 million to end a long-running investigation by Switzerland's Attorney General after the energy trader admitted a former employee bribed officials in the Republic. We offer a wide range of fun visitor attractions including carriage rides around the grounds. Its authorized share capital is Rs. LONDON (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. 25 billion last year as the commodity trader sold the bulk of its Russian assets and earnings from oil trading increased. Around here, opportunity is everywhere. LONDON, Oct 9 (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products. will pay $95 million to end a long-running investigation by Switzerland's Attorney General after the energy trader admitted a former employee bribed officials in. Like Gunvor, Vitol also operates in the Oil & Gas Refining & Marketing space. BC-Oil-Trader-Gunvor-Pursued-by-China-for-Allegedly-Evading-Tariffs , Bloomberg (Bloomberg) -- Gunvor Group Ltd. Gunvor Group, the Geneva-based commodities trader, named Muriel Schwab as group chief financial officer. Gunvor Petroleum Rotterdam B. 7270 percent and June 14-15 at 9. Gunvor Group Ltd, one of the world's largest oil traders, is in talks on a possible sale of the company with at least. 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. Net profit was US $315 million in 2016. According to the documents we were able to consult, Gunvor was able to make a profit on the exchange rate, and a favourable clause enabled it to pocket an extra USD 10. - Member of the refinery sales team, support of the management and administrator’s team. 59,760,000. A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. "Gunvor is already off to a strong start across the board in 2019. These 4 Pakistani companies have shown higher profits and yet their share prices have plunged. The parent is owned by a Boich Companies entity; Ohio‐based utility company FirstEnergy Ventures; and Pinesdale, LLC, a wholly‐owned affiliate of Gunvor Group Ltd. In 2013, the Group posted trading volumes of approximately 131 million tons (or equivalent), with sales turnover over US$ 90 billion and a net profit of US$ 308 million. Gunvor, one of the world's biggest oil traders, has reported record profits for 2015, boosted by the sale of assets in Russia and favourable market conditions caused by the oil price crash. Its authorized share capital is Rs. Nigeria’s oil industry uses a unique system where “briefcase” or shell companies purchase oil from the NNPC before selling it on to companies such as Trafigura and Gunvor. I had the same question back in 2012 when I was an energy trader on New York Mercantile Exchange (NYMEX). Net profit was US $315 million in 2016. CREATE ALERTS. According to the documents we were able to consult, Gunvor was able to make a profit on the exchange rate, and a favourable clause enabled it to pocket an extra USD 10. The company has posted gross profit of $800 million for. Gunvor Group's profit soared to a record $1. Precise definitions of this difficult, multi-faceted and capacious word somehow seem to elude us. In 2007, the company had an annual turnover of about 70 billion dollars and profits of several million dollars. UL] on Tuesday reported a record net profit of $1. Bekijk het profiel van Corne Grinwis op LinkedIn, de grootste professionele community ter wereld. With Golar’s sister vessel, the Hilli, nearing completion and with Petronas FLNG having recently delivered commercial cargoes, FLNG is now entering the mainstream”. Gunvor has thus become the third largest oil trader in terms of turnover behind Glencore (142 billion dollar turnover) and Vitol (146 billion dollar turnover). LONDON, March 22 (Reuters) - Commodity trader Gunvor Group on Tuesday reported a record net profit of $1. The firm suffered a sharp profit drop last year after investing heavily in building a North American presence although it expects to reap the rewards this year. is on track for its highest-ever annual profit from oil and gas trading and has Benoit Pedroni aime ceci We’re so glad to have Marc Fleury, Ph. shale acquisition. Energy trader Gennady Timchenko, head of Geneva-based Gunvor Group, has his work cut out for him this year as Europe sees gasoline prices soar to new highs among fears of European economic destabilization. Vitol and Gunvor report stellar profits. The company has posted gross profit of $800 million for the first three. Anbefalinger. "All trading segments. LONDON, Oct 3 (Reuters) - Swiss-based commodities trader Gunvor Group said on Monday it had secured $500 million for a new U. The circular shows 2012 gross revenue of $94,146 million, a cost of sales of $92,398 million, and a gross profit of $747 million. LONDON (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal. Gunvor Group Ltd is a global commodity trading company registered in Cyprus, with its main trading office in Geneva, Switzerland. 6 GUNVOR AU CONGO opérations ont permis au négociant d’accumuler des profits s’élevant à environ 110 millions de dollars. Bitcoin per contract. See the complete profile on LinkedIn and discover Tim’s connections and jobs at similar companies. By applying through this jobsite you will be handled directly by the company itself. Exclusive: Energy trader Gunvor cancels refinery sale as profit jumps - CEO. Anbefalinger. 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. Gunvor has thus become the third largest oil trader in terms of turnover behind Glencore (142 billion dollar turnover) and Vitol (146 billion dollar turnover). Antonyms for The Urals. 75-årige Gunvor Bjerre har fulgt udviklingen i 42 år fra sit hus i Kartoffelrækkerne. Therefore all vacancies are up to date. The office said Thursday it ordered Gunvor to pay compensation of nearly 90 million Swiss francs, "which corresponds to the total profit that Gunvor made from the business in question," and 4. Ett innblikk i hva LinkedIn-medlemmer har å si om Birgit Marie: “ Birgit is a gifted leader and speaker, with a positive spirit that resonates with anyone she meets. See all Middle Office salaries to learn how this stacks up in the market. Gunvor has expanded aggressively by buying refineries in Europe and opening new offices in Asia and the United States as it reduces its exposure to Russia. Net income rose more than. By Maytaal Angel – Energy-focused commodity traders Gunvor and Mercuria are looking to expand their iron ore operations just as oversupply grips the world’s second-largest traded commodity after oil, depressing prices but also offering opportunities. Gunvor Hofmo. Commodity traders come in all shapes and sizes, but commodity trading firms can be and often are juggernauts. 60,000,000 and its paid up capital is Rs. Middle Office salaries at Gunvor can range from CHF 95,659-CHF 103,521. Federal energy agency data show China's price per ton of U. Life at Spire has many facets, but there is one common thread — our energy. Swiss federal prosecutors have found oil trading firm Gunvor Group criminally liable for corruption in Congo Republic and Ivory Coast, ordering it to pay almost 94 million Swiss francs ($94. Margus Lutsoja Group Chief Accountant, Gunvor Group We think DSPanel under-promised but over-delivered when it came to the effort exerted in supporting us and in making sure we had ease toward product acceptance. on “suspicion of bribery of foreign public officials” in the Republic of Congo, underscoring the energy traders. The Geneva-based trading company Gunvor has been ordered to pay almost CHF94 million ($94. Gunvor Group's profit soared to a record $1. Gunvor is committed to taking the full contract capacity of the Gandria FLNG vessel of 2. gunvor Forgers are forcing a $9 trillion business into the digital age Cyber-crime is also an increasing threat as fraudsters become more sophisticated, according to Collins at TradeCloud, which uses blockchain technology to enhance security on its platform. Operations Executive Gunvor Group Ltd September 2012 – Present 7 years 2 months. The office said Thursday it ordered Gunvor to pay compensation of nearly 90 million Swiss francs, "which corresponds to the total profit that Gunvor made from the business in question," and 4. These 4 Pakistani companies have shown higher profits and yet their share prices have plunged. Gunvor Group Ltd. The progress is real, but the oil majors still face a litany of risks both in the near-term and in the years ahead. (MENAFN - Swissinfo) Commodities trader Gunvor held criminally liable for corruption Oct 17, 2019 - 10:59 The Geneva-based trading company Gunvor has been ordered to pay almost CHF94 million ($94. It recorded profits of $301m in 2012 on revenues of $93bn, according to the bond prospectus. Gunvor is sourcing part of its supply for the five-year Pakistan tender from Mitsui, a Japanese trading house, traders said. Gunvor itself would not own a stake in Fortuna under its proposed deal. Gunvor USA consisted of the demolition and remodel of existing space on a multi-tenant floor with tenants above and below. The office said Thursday it ordered Gunvor to pay compensation of nearly 90 million Swiss francs, "which corresponds to the total profit that Gunvor made from the business in question," and 4. See the complete profile on LinkedIn and discover Gunvor’s connections and jobs at similar companies. will pay $95 million to end a long-running investigation by Switzerland's Attorney General after the energy trader admitted a former employee bribed officials in. Hope Against Heroin supports those who are affected by the opiod/heroin epidemic by helping them gain access to timely life-saving treatment, aftercare treatment, funds for recovery housing, transportation, medical co-pays, clothing, food and more. "Gunvor categorically denies that Vladimir Putin has or has ever had any ownership or that he is a beneficiary of our business directly or indirectly," Gunvor said. By Julia Payne LONDON (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian. The penalty order handed down follows a federal criminal court ruling in the case in August 2018. Pierre has 4 jobs listed on their profile. BC-Oil-Trader-Gunvor-Pursued-by-China-for-Allegedly-Evading-Tariffs , Bloomberg (Bloomberg) -- Gunvor Group Ltd. Golar LNG Limited: Fortuna FLNG Offtake Awarded to Gunvor The Ministry of Mines and Hydrocarbons ("MMH"), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial ("GEPetrol") have nominated Gunvor Group Ltd ("Gunvor") as its preferred LNG Buyer for offtake from the Fortuna FLNG project. A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. Gunvor, one of the world's biggest oil traders, has reported record profits for 2015, boosted by the sale of assets in Russia and favourable market conditions caused by the oil price crash. About Singapore Salaries. So it was never. Unknowns about the future growth rate of the world economy, the price of crude oil, govern-ment regulations, as well as the economics of alternative transportation fuels are causing many uncertainties for the industry. But its approach led Gunvor to sell oil predictably and too cheaply—and hence to leave some profits on the table. Around here, opportunity is everywhere. They have each given their top three renewable energy picks for 2018. Gunvor arranging Oman loan linked to oil for up to $3. Gunvor Group Ltd, one of the world's largest oil traders, is in talks on a possible sale of the company with at least. 336 Total = One million eight hundred and three thousand Ihree hunched. Putin’s money has been pulled since 2016. is on track for its highest-ever annual profit from oil and gas trading and has already earned back more than the $330 million loss it suffered in 2018. SGS offers specialist petroleum product blending services to help you make the best use of the raw materials available on the market. It is classified as a public limited company. Yannick has 5 jobs listed on their profile. Gunvor Pulling Back From Metals Trading After Profits Slump. Profit was crimped by a writedown of the company’s coal-mining assets, said Gunvor, which has its main trading unit in Geneva. Elle est spécialisée dans le commerce, le transport et le stockage de produits pétroliers et autres produits issus de l'industrie pétrolière. SOLVE Inspiring a new way of creating value We put our capital and resources to work, helping companies that are instrumental to solve global challenges. 05 million). The commodities trader failed to prevent its employees and agents from bribing public officials between 2008 and 2011 in order to gain access. - Refinery optimization of energy consumption and production during refinery standby. bg Ви благодари, че използвате кирилица за вашите коментари. Sammen går de to Senja rundt. • Set up Aviation Fuel physical operations desk (Jet A-1). Therefore all vacancies are up to date. (Editing by Jason Neely) Our Standards: The. Gunvor Galtung Haavik (7 October 1912 - 5 August 1977) was a Norwegian employee of the Norwegian Ministry of Foreign Affairs who was arrested on 27 January 1977 after being betrayed by Oleg Gordievsky and charged with espionage on behalf of the Soviet Union and treason. 6mn) comes as compensation, representing the total profit Gunvor made from the business in question. Cloud CTRM for Raw Materials, Concentrates, Scrap, Recycling and all commodities. Like Gunvor, Vitol also operates in the Oil & Gas Refining & Marketing space. September 28 at 1:01 AM · Det finns fortfarande några platser kvar, kurskostnad 900kr och då ingår allt material - om man sedan vill fortsätta tillkommer materialkostnad. 7 per cent at December 2017. We know that God is fully capable of speaking to his people at any time in any way he so chooses. They are a good way system set. Tornqvist now owns 87 percent, while 13 percent belongs to the employees. Telecoms company Cable Bahamas Limited posted a net loss of Bah$15 million for its first quarter ended September, quadrupling the bleed reported in the comparative period in 2016. A weaker oil price tends to be a boon to refiners, who can profit from more generous refining margins. 6 million), including a fine of CHF4 million over bribery in Africa. Priit has 2 jobs listed on their profile. The company, one of the world’s biggest independent oil traders, will pay a fine of 4 million Swiss francs ($4. Gunvor itself would not own a stake in Fortuna under its proposed deal. Sam Volkering. This was a hard task for them as the reports reflected more than 50 companies with a very complicated General Ledger. However, compared to the previous quarter, this. Let's say a commodity spot price is 100 USD/MT. Gunvor is a market. To estimate Gunvor’s profits on these prefinancing deals, we should take a look at the details of the. Gunvor has thus become the third largest oil trader in terms of turnover behind Glencore (142 billion dollar turnover) and Vitol (146 billion dollar turnover). Fortuna FLNG offtake goes to Gunvor Image courtesy of Ophir Energy Swiss trading company Gunvor has been nominated as the preferred LNG buyer for offtake from the Ophir Energy-operated Fortuna FLNG project in Equatorial Guinea. Gunvor (Gunnvǫr) is a feminine Old Norse given name. The candidate portal of CVWarehouse is the jobsite where you can find all vacancies of all companies that use CVWarehouse as their ATS. Cargill, Incorporated is a privately held, multinational corporation based in Minnetonka, Minnesota. Vitol was chosen above Exxon to develop a small FSRU by the ageing Sangu gas platform in the Bay of Bengal. A financial position is a mere reflection of its liscence to profit & the management of its affairs in Geneva. 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 international BV, (àcncva Branch 14 Quai General Guisan 1204 Geneva Switzerland Bussels, 02/05/2011 INVOICE Nr 110503 Description SHIP GLEN MAYE 13. The commodities trader failed to. Gunvor has thus become the third largest oil trader in terms of turnover behind Glencore (142 billion dollar turnover) and Vitol (146 billion dollar turnover). View Gunvor Haartveit’s profile on LinkedIn, the world's largest professional community. Thanks to a ruling from Dutch tax authorities, the unit was able to allocate most of its profit to its Swiss branch, helping to cut Gunvor’s global tax bill, disclosures show. LONDON (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. Apparently, it can’t afford to become entangled in political conflicts between. At Spire, public service is our daily business. This means the interest rate of the loan will be dependent on the company’s year-on-year improvements in areas such as transparency, governance and the. Latest News. LONDON — A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief. The firm already put aside funds last year in case of a financial settlement with Swiss. Also, PLL has also managed to convince commodities trader-Gunvor- to provide a rescheduled LNG cargo this month, it was learnt reliably. It had put aside funds last year in case of a financial settlement with Swiss authorities. He spent his childhood in East Germany and in Ukraine. Withdrawal from Congo-Brazzaville. Core earnings (Ebitda) were up 69 per cent at US$1. LONDON (Reuters) - A rebound in profit this year has allowed Gunvor Group to cancel plans to sell its Ingolstadt refinery in Germany and stall the sale of a stake in a Russian products terminal, Chief Executive Torbjorn Tornqvist told Reuters. 336 Total = One million eight hundred and three thousand Ihree hunched. Change language: Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2017: Total trading volumes increased to 184 million MT from 153 million MT the year prior. The firm suffered a sharp profit drop last year after investing heavily in building a North American presence although it expects to reap the rewards this year. The biography: He was born in November, 1952 in a family of military man. - Member of the refinery sales team, support of the management and administrator’s team. 1 mill tonnes per annum of the Fortuna capacity to be marketed on an alternate basis. Gunvor CEO Torbjorn Tornqvist said he also sees oil at current levels, of under $60 a barrel, a year from now and that next year the market would “test OPEC’s resolve” on its commitment to. View Gunvor Elisabeth Axelsson’s profile on LinkedIn, the world's largest professional community. Tag: Gunvor. The office said Thursday it ordered Gunvor to pay compensation of nearly 90 million Swiss francs, "which corresponds to the total profit that Gunvor made from the business in question," and 4. Change language: Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2015: Total trading volumes increased to 180 million MT from 137 million MT the year prior. In Switzerland, Gunvor S. Gunvor est une entreprise de commerce d'énergie enregistrée à Amsterdam et dont les principaux centres opérationnels sont basés à Genève et Singapour. View Pierre Lassau’s profile on LinkedIn, the world's largest professional community. Trader Gunvor Pays $95 Million to Swiss in Corruption Probe (Bloomberg) -- Gunvor Group Ltd. Lump of Coal: Promising Mine Deal Hits Headwinds Gunvor, co-owned by a Russian tycoon, bought into a Montana coal mine and doubled production. Change language: Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2017: Total trading volumes increased to 184 million MT from 153 million MT the year prior. Gunvor posted a sharp profit drop last year after investing heavily in building a North American presence. Indeed, Gunvor nets precious little from its almost one hundred billion in revenue. The company has posted gross profit of $800 million for. 2 billion in 2018 on the back of $747 billion in revenues, compared with a. Hi, I'm Pernille Erland Jensen and I'm Gunvor Marie Kirkelund. 25 billion in 2015, a year in which Gunvor executed a number of significant asset sales; however, the figure represents an increase in underlying profit year-over-year. Foursquare uses cookies to provide you with an optimal experience, to personalize ads that you may see, and to help advertisers measure the results of their ad campaigns. Priit has 2 jobs listed on their profile. 25 billion the year before that was boosted by asset sales. 042011 901 '668 USD USD 1'803'336 Profit Total Profit Sharing PAYInent. The world’s largest integrated oil companies have dramatically overhauled their businesses since the market collapsed in 2014. Mine Operations Signal Peak Energy, LLC is a subsidiary of Global Mining Group, LLC, which is owned by Global Mining Holding Company, LLC. This estimate is based upon 1 Gunvor Middle Office salary report(s) provided by employees or estimated based upon statistical methods. Core earnings (Ebitda) were up 69 per cent at US$1. a Cargill reports financial results in accordance with U. BP joined its competitors in posting a strong 2018 performance, with a doubling of profits driven by strong growth in oil and gas output following a large U. A is bound by the same western-capitalist rules as any other traders: making money which is co-dependant on two factors. Belgium’s Exmar, the Nicolas Savery-led shipowner, executed a fully effective ten-year charter with Gunvor for its floating storage and regasification unit (FSRU) barge. The partnership reported a profit of $29. Vitol, Mercuria, Gunvor, Trafigura and the oil trading division of Glencore made a combined net profit of about $3. View Pierre Lassau’s profile on LinkedIn, the world's largest professional community. Gunvor Group Ltd is registered in Nicosia, Cyprus, with major trading operations in Geneva and Singapore. Rich Brockmeyer liked this “All trading segments have done very, very well,” Torbjorn Gunvor Group Ltd. Gunvor has managed to secure funding for its operations even though oil prices have been weak this year. The Geneva-based group said on Thursday that net profits dropped 48 per cent to $162m in the year to December, the lowest level since at least 2010. About 20 percent of profits from the 22 shipments Gunvor sold — amounting to around $22 million — went to the benefit of the Congo's ruling family and key officials, documents show. Gunvor today conducts only 4% of its business within African countries, and has no business in Congo Republic. CTRM Community > Energy trader Gunvor profits fall 48% after ‘challenging year’ About the Community CTRM Community – a collection of RSS feeds from blogs and web pages of vendors, service providers and associations across the commodity trading industry. Gunvor managed a steady performance despite an uneven trading environment throughout 2014. GENEVA, Oct. Informaţii Gunvor Group Srl CIF 33500401 J08/2614/2016 Str. Au Congo, cette activité est très lucrative. , Geneva, has renewed and increased a secured revolving borrowing base facility to $700 million to finance the growing needs of its 107,500-b/d Independent Belgian Refinery (IBR. 399 likes · 21 talking about this · 201 were here. The company has posted gross profit of $800 million for the. Commodities trading firms have piloted similar schemes in recent years as blockchain technology has the potential to drastically cut costs in an environment of razor-thin profit margins. "Profitability was decreasing, while. The office said Thursday it ordered Gunvor to pay compensation of nearly 90 million Swiss francs, "which corresponds to the total profit that Gunvor made from the business in question," and 4. In Switzerland, Gunvor S. To come up with the cash for the dividend, Gunvor Group sold the bulk off its Russian assets, including a majority stake in an oil terminal, in 2015 resulting in unusually large profits last year. Special Report: Fit for the future – tank truck loading at Gunvor Refinery Implico completes a major conversion project in a total replacement of the field equipment for tank truck loading at Gunvor Refinery in Ingolstadt – a project that had commanded respect even in the run-up. This meant that Gunvor could play with exchange rates, choosing the right moment to repay its debt over the space of eight days. "Gunvor's sound management and clear strategy has enabled the company's continued growth and. trading presence and a prolonged planned turnaround at one of. 2 MMTPA, which will be purchased on a Brent-linked, Free on Board (“FOB”) basis for a 10 year term. Email whilst retaining a share in the profits of such onward marketing.