Gunvor seeks oil asset investments in Russia
By Catherine Belton in Moscow
Published: May 15 2008 02:44 | Last updated: May 15 2008 02:44
The world’s third biggest oil trader is preparing to invest hundreds of millions of dollars in shipping terminals to export Russian oil.
Gunvor Group, based in Geneva, has enjoyed a rapid rise, from a niche oil trader with close ties to the Kremlin-loyal Surgutneftegaz in 2003, to a substantial business with revenues of $43bn (€28bn, £22bn) last year.
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