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GENEVA, SWITZERLAND --(Marketwired - March 22, 2016) - Gunvor Group Ltd ("Gunvor"), one of the world's leading independent commodities trading houses, today released results for the year ended 31 December 2015:
"It is a credit to the company's broadening management structure that Gunvor has emerged stronger over the past year, despite the challenges we've faced," said Gunvor Group CEO Torbjörn Törnqvist. "We've seen an increase in volumes, an increase in earnings from trading, and continued geographic diversification. We're very well positioned to operate in current market conditions."
Throughout 2015, Gunvor continued a series of planned divestments of Russian assets, which is now complete. Gunvor also continues to assess new asset investments, having most recently acquired a crude oil refinery in Rotterdam, The Netherlands. The company is now responsible for more than 1,000 refining jobs in Europe and approximately 275,000 b/d of installed refining capacity.
About Gunvor Group
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. With strategic investments in industrial infrastructure-refineries, pipelines, storage, terminals, mining and upstream-Gunvor further generates sustainable value across the global supply chain for its customers. More information can be found at www.gunvorgroup.com or @Gunvor.
Seth Thomas Pietras
+41 79 870 6290