After working in the oil and gas industry for more than two decades, Gunvor Group’s CEO Torbjörn Törnqvist and his long-time business partner Gennady Timchenko saw an opportunity in 1997 to create a new organization to support infrastructure development in the Russian oil export sector.
Today, Gunvor has become a balanced company. It employs more than 2,500 people.
Gunvor’s Russian oil trading business now consists of approximately one-third of total trading volume, and Gunvor sources crude oil from more than 35 countries around the world.
Gunvor’s trading partners and clients include world’s largest oil and energy companies. Gunvor also works with more than 50 top-ranking financial institutions around the world.