SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Gunvor finances oil deal in Gabon

» Updated: 01 October 2024, 17:12

» Published: 25 June 2024

Gunvor finances oil deal in Gabon
Photo: Eric Risberg/AP/TT

The oil trading company Gunvor Group, with Swedish billionaire Torbjörn Törnqvist as co-founder and CEO, has helped finance the West African state of Gabon's purchase of the oil company Assala Energy – previously part of the Carlyle group.

Assala Energy has a production volume of 45,000 barrels of crude oil per day and, according to the head of Gabon's state oil company Marcellin Simba Ngabi, will enable the country to regain control over its oil and gas resources and increase the state's oil revenues.

Gabon is one of the smallest member states of the oil cartel Opec, with a total oil production of around 220,000 barrels of crude oil per day.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

No Nvidia boost on Wall Street
1 MIN READ

No Nvidia boost on Wall Street

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Court of Appeal Upholds Verdict: Northvolt Manager Acquitted
1 MIN READ

Court of Appeal Upholds Verdict: Northvolt Manager Acquitted

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Still sour on the Stockholm Stock Exchange
2 MIN READ

Still sour on the Stockholm Stock Exchange

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic

USA wants to force Google to sell Chrome
2 MIN READ

USA wants to force Google to sell Chrome

New method reveals pension fraud
3 MIN READ

New method reveals pension fraud

Most Minus Signs on Asian Stock Exchanges
1 MIN READ

Most Minus Signs on Asian Stock Exchanges

One of the world's richest bribed in the USA
2 MIN READ

One of the world's richest bribed in the USA

This is how Musk will save billions
2 MIN READ

This is how Musk will save billions