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Gunvor
Gunvor Group Ltd is a Cypriot-domiciled multinational commodity trading company registered in Cyprus, with its main trading office in Geneva, Switzerland. Gunvor also has trading offices in Singapore, the Bahamas, and Dubai, with a network of representative offices around the globe. The company operates in the trade, transport, storage and optimization of petroleum and other energy products, as well as having investments in oil terminal and port facilities. Its operations consist of securing crude oil upstream and delivering it to market via pipelines and tankers. The company, which was founded in 2000, is the fourth largest crude oil trader in the world after Glencore, Vitol, and Trafigura. The company was co-founded and controlled by Gennady Timchenko together with Torbjörn Törnqvist (after whose mother the company is named ); however, due to United States sanctions, Timchenko sold his stake in the company to Törnqvist in March 2014. Gunvor's largest single supplier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gennady Timchenko
Gennady Nikolayevich Timchenko (russian: Геннадий Николаевич Тимченко, ''also spelled'' Guennadi Timtchenko; born 9 November 1952) is a Russian oligarch and billionaire businessman. He founded and owns the private investment firm Volga Group. Previously he was a co-owner of Gunvor Group. Timchenko has been close friends with Russian leader Vladimir Putin since the early 1990s. In 1991, Putin gave Timchenko an oil export license. Timchenko subsequently founded Gunvor, which would go on to export billions of dollars-worth of Russian oil. Timchenko's investment firm Volga Group is a major shareholder in the natural gas giant Novatek. The Pandora Papers leaks revealed that a Timchenko firm, which played a key role in the Novatek investment, obtained massive loans through anonymous offshore shell companies. Timchenko was sanctioned by the US over Russia's 2014 annexation of Crimea. He faced further sanctions just before the February 2022 invasion of Ukrai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Torbjörn Törnqvist
Torbjörn Törnqvist (born 1953) is a Swedish billionaire, and the CEO and co-founder of Gunvor (company), Gunvor, "one of the largest commodities conglomerates in the world", with the Russian billionaire, Gennady Timchenko. Early life Törnqvist was born in 1953, in Stockholm, Sweden. He has a degree from Stockholm University. Career Törnqvist co-founded Gunvor in 1997, and he is its CEO. In 2016, he reduced his stake in Gunvor from 78% to 70%, and received a special dividend of about $1 billion, part of which went to repay his co-founder Gennady Timchenko, who sold his 44% to Törnqvist in March 2014, a day before Timchenko was sanctioned by the US for his "close ties to Vladimir Putin". Controversies In 2017, a Swedish Radio documentary presented evidence that Gunvor had been involved in a Belarusian oil smuggling scheme under Törnqvist's watch, featuring corruption at the highest levels in the Belarus government. This documentary, which includes an interview with Törnqv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transoil
LLC Transoil is a railway operator in Russia and was founded in 2003. The company is one of the biggest railway transporters of oil and oil products in Russia."Businessmen Bokarev, Makhmudov Buy 13% of Transoil From Timchenko" ''Russia & CIS Business and Financial Newswire'', 26 Dec 2012 LLC Transoil is based in . LLC Transoil operates 34,000 tanker railcars and 36 locomotives."Transoil buys first 3 electric locomotives for electrified routes", ''Russia & CIS Business & Financial Daily'', 22 Feb 2013, accessed 13 Mar 2013 via Nexis [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French Departments of France, departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 9 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dissolution Of The Soviet Union
The dissolution of the Soviet Union, also negatively connoted as rus, Разва́л Сове́тского Сою́за, r=Razvál Sovétskogo Soyúza, ''Ruining of the Soviet Union''. was the process of internal disintegration within the Soviet Union (USSR) which resulted in the end of the country's and its federal government's existence as a sovereign state, thereby resulting in its constituent republics gaining full sovereignty on 26 December 1991. It brought an end to General Secretary Mikhail Gorbachev's (later also President) effort to reform the Soviet political and economic system in an attempt to stop a period of political stalemate and economic backslide. The Soviet Union had experienced internal stagnation and ethnic separatism. Although highly centralized until its final years, the country was made up of fifteen top-level republics that served as homelands for different ethnicities. By late 1991, amid a catastrophic political crisis, with several republics alre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perestroika
''Perestroika'' (; russian: links=no, перестройка, p=pʲɪrʲɪˈstrojkə, a=ru-perestroika.ogg) was a political movement for reform within the Communist Party of the Soviet Union (CPSU) during the late 1980s widely associated with CPSU general secretary Mikhail Gorbachev and his glasnost (meaning "openness") policy reform. The literal meaning of perestroika is "reconstruction", referring to the restructuring of the Soviet political and economic system, in an attempt to end the Era of Stagnation. Perestroika allowed more independent actions from various ministries and introduced many market-like reforms. The alleged goal of perestroika, however, was not to end the command economy but rather to make socialism work more efficiently to better meet the needs of Soviet citizens by adopting elements of liberal economics. The process of implementing perestroika added to existing shortages, and created political, social, and economic tensions within the Soviet Union. Fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kirishi Refinery
Kinef ( rus, КИНЕФ), an abbreviation for Kirishi Petroleum Organic Synthesis ( rus, Киришинефтеоргсинтез, Kirishinefteorgsintez), is a Russian joint stock production association operating a large oil refinery based in Kirishi, Leningrad Oblast. It is a subsidiary of Surgutneftegaz. The Kirishi refinery is the only one in Northwestern Russia. History Construction of the refinery had begun in 1961 in an area devastated by World War II. The first oil products were produced in 1966. By 1972, the Kirishi refinery had been one of the five largest in the Soviet Union. In 1980 the plant was reconstructed and started diesel hydrotreating unit with capacity of two million tonnes per year. The main fractionation tower K-5 weighing 335.2 tons, diameter of 5 m and a length of 62 m was delivered by "Spetstyazhavtotrans" from the factory "Dzerzhinskhimmash". In 1987 Kirishineftekhimexport subdivision of Kirishinefteorgsintez was founded to conduct external economic a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trafigura
Trafigura Group Pte. Ltd. is a Singaporean-based Swiss multinational commodity trading company founded in 1993 that trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals. The company operates through a complex network of over 100 subsidiaries across the world, with main operating offices in Geneva and Singapore. Trafigura was formed by Claude Dauphin and Eric de Turckheim in 1993, but quickly split off from a group of companies managed by Marc Rich. Trafigura has been named or involved in several scandals, particularly the 2006 Ivory Coast toxic waste dump, which left up to 100,000 people with skin rashes, headaches and respiratory problems. The company was also involved in the Iraq Oil-for-Food Scandal. History Trafigura Beheer BV was established as a private group of companies in 1993 by six founding partners: Claude Dauphi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Estonia
Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, and to the east by Lake Peipus and Russia. The territory of Estonia consists of the mainland, the larger islands of Saaremaa and Hiiumaa, and over 2,200 other islands and islets on the eastern coast of the Baltic Sea, covering a total area of . The capital city Tallinn and Tartu are the two largest urban areas of the country. The Estonian language is the autochthonous and the official language of Estonia; it is the first language of the majority of its population, as well as the world's second most spoken Finnic language. The land of what is now modern Estonia has been inhabited by '' Homo sapiens'' since at least 9,000 BC. The medieval indigenous population of Estonia was one of the last " pagan" civilisations in Europe to adopt Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NHST Media Group
NHST Media Group AS (previously Norges Handels og Sjøfartstidende AS) is a Norwegian media conglomerate that publishes a number of newspapers and online tools. The company dates back to 1889 when it started the predecessor of ''Dagens Næringsliv''. The largest owners of the company are Bonheur ASA (53.99%) and Must Invest (21.75%). The company is listed on the Norwegian OTC. The company publishes a number of newspapers primarily within business news, including ''Dagens Næringsliv'', ''TradeWinds'', ''Intrafish'', ''Upstream'', Recharge'' Europower and . In addition the group owns two software-as-a-service (SaaS) companies within PR distribution tech and Social Media Monitoring; |
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