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Gunvor Group

Gunvor Restructures Leadership After Oil Trading Setbacks

Gunvor Group, one of the world's largest players in oil product trading, is clearing out its management team after certain major setbacks in crude oil trading last year. This includes, among other things, trading in so-called North Sea oil that went wrong, according to the founder, major shareholder, and CEO Torbjörn Törnqvist.
Gunvor Restructures Leadership After Oil Trading Setbacks

Gunvor finances oil deal in Gabon

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.
Gunvor finances oil deal in Gabon
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