Gunvor a Major Winner in Rosneft Oil Tender

MOSCOW, March 17 (Reuters) - 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. Geneva-based Gunvor, which at one point handled as much as 40 percent of Russia's seaborne exports and was a regular in term deals with companies such as Rosneft and … [Read more...]

Billionaire Tornqvist Pivots to Asia Amid Gunvor Russian Retreat

By Andy Hoffman and Chanyaporn Chanjaroen Nov. 24 (Bloomberg) -- Gunvor Group Ltd. is looking to Asia for the next leg of its expansion as the company loosens the Russian ties that made it the world’s fifth-biggest oil trader. Chief Operating and Investment Officer Jerome Schurink has relocated temporarily to Singapore to oversee the firm’s growth in a region that … [Read more...]