Killajoules

Kuwait Petroleum International (KPI) And Gunvor Group (Gunvor) Confirm Negotiations For The Sale Of The KP Europoort Refinery
Kuwait Petroleum International and Gunvor Group have announced today that their respective affiliates have reached the final stage of negotiations on the sale of the KP Europoort refinery in Rotterdam, The Netherlands, subject to regulatory approval and the necessary employee consultation process. The sale would allow the refinery to continue in line with Gunvor’s integration and optimization strategies.

Gunvor Acquires Stake in TAL Pipeline
Affirming its long-term commitment to serving the German market, Gunvor Group (“Gunvor”) has acquired a 10 percent stake in the Transalpine Pipeline (TAL), which supplies Gunvor Raffinerie Ingolstadt (“GRI”). This acquisition will allow Gunvor to secure a long-term crude supply to GRI. The deal closed December 4.

Gunvor Closes USD $625 Million Syndication for Belgian Refinery, Oversubscribed by 25%
Drawing on a diversified pool of European and international banks, Gunvor Group has successfully closed an oversubscribed borrowing base credit facility to support operations at the Independent Belgian Refinery (IBR). The facility launched at USD $500 million and closed oversubscribed at USD $625 million.

Gunvor Starts Ingolstadt Refinery
Gunvor Group Ltd has commenced operations at the former Petroplus refinery in Ingolstadt, Germany, having completed the acquisition of the refinery assets and relevant marketing activities. All regulatory and merger control approvals have been obtained. The official closing date was on August 23, and the first crude vessel has already discharged to supply the refinery.

Gunvor Launches USD 500 Million Syndication For Belgian Refinery
Gunvor Group Ltd is moving ahead with plans for its new refinery in Belgium, having successfully launched a USD 500 million borrowing base secured revolving credit facility (RFC) to support operations. ING and Rabobank are the two Bookrunning Mandated Lead Arrangers of this facility, which will be used to finance the purchase of crude oil and feedstock for the refinery, i.e., blending products, storage and processing at the refinery's premises, and carrying of receivables.

Gunvor Belgian Refinery Hiring
Gunvor Group CEO Torbjörn Törnqvist this week visited the company’s recently acquired refinery, Independent Belgian Refinery NV (IBR), to meet with management and staff and discuss continuing integration with Gunvor’s operations. IBR, a former Petroplus asset, is now 100%-owned by Gunvor.

Petroplus Bavaria Employees Welcome Gunvor CEO
More than 200 Petroplus Bavaria employees and members of management welcomed Gunvor Group CEO Torbjörn Törnqvist to the Ingolstadt plant last week. The visit was the first by Törnqvist since Gunvor announced the acquisition of the refinery’s assets, which will keep open the plant saving hundreds of jobs.

Gunvor Group signed a purchase agreement to acquire the assets of Petroplus’ Ingolstadt refinery and related German marketing
Gunvor Group, one of the world's major independent commodity trading companies, has announced that it has signed a purchase agreement to acquire the assets of Petroplus’ refinery in Ingolstadt and related German marketing activities.

Gunvor Group bids successfully to purchase Petroplus’s Antwerp refinery Gunvor Group bids successfully to purchase Petroplus’s
Gunvor Group, one of the world's major independent commodity trading companies, has announced that it has successfully bid to purchase Petroplus’s refinery in Antwerp.