Gunvor finalises Rotterdam acquisition

15.02.16. Gunvor Group has completed its acquisition of the Kuwait Petroleum Europoort refinery in Rotterdam, from Kuwait Petroleum International.
As a part of the transfer, the refinery will be named Gunvor Petroleum Rotterdam and will be integrated into the trading group’s existing European refinery network, which includes sites in Antwerp and Ingolstadt (Germany), both wholly owned by the group since 2012.
“We are pleased to welcome the Rotterdam facility into the Group,” said Gia Mai, Gunvor’s chief investment officer. “The Rotterdam refinery will enhance Gunvor’s existing refining operations, particularly through synergies with our Antwerp facility, while complementing our global trading activities.”
Gunvor is one of the world’s leading independent commodities trading houses, and with the acquisition of the Rotterdam facility is now responsible for more than 1,000 refining jobs in Europe and almost 300,000 bpd of installed refining capacity.