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Gunvor
Gunvor Group Ltd is a multinational energy commodities trading company registered in Cyprus, with its main trading office in Geneva, Switzerland. Gunvor also has trading offices in Singapore, Houston, Stamford, London, Calgary, 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 and petroleum products upstream and delivering it to market via pipelines and tankers. Gunvor has a separate company, Nyera, set up in 2021 to invest in renewable energy sources. It is run by energy transition director Fredrik Tornqvist. The company, which was founded in 2000, is the fourth largest crude oil trader in the world after Glencore, Vitol and Trafigura. Today, Gunvor originates most of its crude oil from the Americas. It also trades African, Asian, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Gennady Timchenko
Gennady Nikolayevich Timchenko (, ''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. He was previously 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 then founded Gunvor, which has now exported billions of dollars-worth of Russian oil. Timchenko's investment firm Volga Group owns a large stake of shares of 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 was about to be sanctioned further by the government of the United Kingdom just before the Russian invasion of Ukraine in February 2022. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Torbjörn Törnqvist
Torbjörn Törnqvist (born 1953) is a Swedish billionaire, and the CEO and co-founder of 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 is its CEO. Since its founding, Gunvor has grown to become one of the largest crude oil trader in the world. 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". Philanthropy Since 2000, Gunvor has allocated a percentage of its profits towards charity through the Gunvor Foundation. He is an active supporter of AIK Hockey and has pumped approximately 12 million SEK ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Geneva
Geneva ( , ; ) ; ; . is the List of cities in Switzerland, second-most populous city in Switzerland and the most populous in French-speaking Romandy. Situated in the southwest of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva, and a centre for international diplomacy. Geneva hosts the highest number of International organization, international organizations in the world, and has been referred to as the world's most compact metropolis and the "Peace Capital". Geneva is a global city, an international financial centre, and a worldwide centre for diplomacy hosting the highest number of international organizations in the world, including the headquarters of many agencies of the United Nations and the International Committee of the Red Cross, ICRC and International Federation of Red Cross and Red Crescent Societies, IFRC of the International Red Cross and Red Crescent Movement, Red Cross. In the aftermath ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Commodity
In economics, a commodity is an economic goods, good, usually a resource, that specifically has full or substantial fungibility: that is, the Market (economics), market treats instances of the good as equivalent or nearly so with no regard to who Production (economics), 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 market, spot and derivative (finance), derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand, brand name) other than price. Most commodities are raw materials, basic resources, agriculture, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Uppdrag Granskning
''Uppdrag granskning'' (English name: ''Mission: Investigate'') is a Swedish television program focusing on investigative journalism Investigative journalism is a form of journalism in which reporters deeply investigate a single topic of interest, such as serious crimes, racial injustice, political corruption, or corporate wrongdoing. An investigative journalist may spend m .... The program is produced by and aired on SVT and has become known for the use of concealed cameras and microphones. In April 2016, after an interview with ''Uppdrag granskning'', the Icelandic prime minister Sigmundur Davíð Gunnlaugsson resigned, after a controversy concerning the Panama Papers. In 2017, as part of the programs reporting on the Paradise Papers they uncovered that the plane used to fly the crown princess and her newly wed husband from their marriage ceremony was registered in a tax haven. According to the program, the pilots who flew the couple have also been charged by Swedish c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Glencore
Glencore plc is an Anglo-Swiss Multinational corporation, multinational commodity trading and mining company with headquarters in Baar, Switzerland, Baar, Switzerland. Glencore's oil and gas headquarters are in London, London, England as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE 100 Index, FTSE 100 by market capitalization. Its registered office is in Saint Helier, Jersey, a Crown Dependencies, Crown Dependency of the United Kingdom. By some estimates, it is the world's largest commodity trader, and among the world's largest companies. The company was formed in 1994 by a management buyout of Marc Rich + Co AG (itself founded in 1974). The company merged with Xstrata in 2013, increasing its size substantially. Before that, the company was already one of the world's largest integrated producers and marketers of commodities. It was the largest company in Switzerland as well as the world's largest commodities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Vitol
Vitol (Pronounced: Vee-Tol) is a Swiss-based Dutch multinational energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Though trading, logistics, and distribution are at the core of its business, these are notably complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Vitol has over 40 offices worldwide, with its largest operations in Geneva, Houston, London, and Singapore. With revenues of $400 billion in 2023, Vitol is the largest independent energy trader in the world, and would be the second-largest company worldwide as measured by revenue on the ''Fortune'' Global 500 list. Given the secrecy Vitol maintains around all its business activities and the limited nature of its statutory disclosures, it is excluded from rankings. The company, however, does provide some more financial information to its lenders and to a few other entities with which it trades. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Trafigura
Trafigura Group Pte. Ltd. is a Singaporean-based multinational commodities company, with major regional hubs in Geneva, Houston, Montevideo and Mumbai, founded in 1993. The company trades in base metals and energy. It is the world's largest private metal trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals. 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) and 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 Dauphin, Eric de Turckheim, Graham Sharp, Antonio Cometti, Daniel Posen and Mark Crandall. Initially focused on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £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. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Estonia
Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Russia. The territory of Estonia consists of the mainland, the larger islands of Saaremaa and Hiiumaa, and over 2,300 other islands and islets on the east coast of the Baltic Sea. Its capital Tallinn and Tartu are the two largest List of cities and towns in Estonia, urban areas. The Estonian language is the official language and the first language of the Estonians, majority of its population of nearly 1.4 million. Estonia is one of the least populous members of the European Union and NATO. Present-day Estonia has been inhabited since at least 9,000 BC. The Ancient Estonia#Early Middle Ages, medieval indigenous population of Estonia was one of the last pagan civilisations in Europe to adopt Christianity following the Northern Crusades in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Soviet Union
The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet Union, it dissolved in 1991. During its existence, it was the list of countries and dependencies by area, largest country by area, extending across Time in Russia, eleven time zones and sharing Geography of the Soviet Union#Borders and neighbors, borders with twelve countries, and the List of countries and dependencies by population, third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of Republics of the Soviet Union, national republics, the largest and most populous of which was the Russian SFSR. In practice, Government of the Soviet Union, its government and Economy of the Soviet Union, economy were Soviet-type economic planning, highly centralized. As a one-party state go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
