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Gennady Timchenko: Gunvor takes control of Kolmar Coal
Energy trading company Gunvor of Finnish businessman Gennady Timchenko, recently took control of Russian mining company Kolmar Coal (51%) for approximately $400 million, according to media reports. Mr Torbjorn Tornqvist, Gunvor's chairman, said in a...Gennady Timchenko gets involved in the Future Hockey Challenge
The Swiss city of Geneva hosted this spring the Future Hockey Challenge, an international youth hockey competition aimed at discovering tomorrow’s gifted players and notably sponsored by Finnish businessman Gennady Timchenko. The Geneva Future Hockey Challenge is a hockey...Gennady Timchenko: Gunvor’s founder changed oil trading
Logistics and infrastructures. Gennady Timchenko’s motto over the years has been to improve logistics and infrastructures. The only way to do business for a “niche player” who wants to buy and sell competitive oil. When Timchenko founded the independent oil trading...Exclusive interview with oil trading giant Gennady Timchenko
When the Finnish, and originally Russian, Businessman Gennady Timchenko settled in Geneva, he also established Gunvor. The company he founded became a giant oil trader achieving a turnover of 65 billion dollars in 2008. By Stéphane-Benoit Godet. Gennady Timchenko is a...Yamal LNG: Timchenko's $650 million deal
Russian gas firm Novatek (NVTK.MM) will make a $650 million acquisition of gas firm Yamal LNG in cash, its chief financial officer said on Wednesday, denying media reports it may make the payment in its shares. "It is a cash deal... in several tranches. The first tranche...Novatek/Yamal LNG: oil trader Timchenko's last bold moves
Gennady Timchenko, the world's most powerful independent trader of Russian oil, has increased his stake in Russian gas company OAO Novatek (NVTK.RS) to 18.2%, his Luxembourg-based fund Volga Resources SICAV-SIF S.A. said late Wednesday. In the mean time, the Finnish...
Energy market: Timchenko sells his Yamal LNG shares to Novatek
Russian gas firm Novatek (NVTK.MM) will make a $650 million acquisition of gas firm Yamal LNG in cash, its chief financial officer said on Wednesday, denying media reports it may make the payment in its shares.
"It is a cash deal... in several tranches. The first tranche... Geneva: the world oil trading capital
Oil trading. No city in the world is home to as many traders as Geneva. They are secretive, immensely rich and well-connected. A glimpse into the nerve centre of a global business also shows why the oil bubble burst.
This is the story of a handful of men who moved to Lake... Trading: the keys of Timchenko's Gunvor's success
Very few people outside oil circles have ever heard of Gunvor, a Dutch company with trading desks in Geneva and Singapore, even though it is now the third largest oil trader in the world with an annual turnover of around 70 billion dollars and profits “in the hundreds of... Crude Oil price fall could result in a production cut
Crude Oil price fall could result in a production cut The Nymex Crude Oil futures contract closed a bit higher than the day before at $90.06, from $88.96, although the chart is fairly clear-the crude oil trend is downward. We are sticking to our idea that a price of $80 is...Top Members Today
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