Tornqvist got his start at British Petroleum in 1977 and founded Gunvor with Russian billionaire, Gennady Timchenko, in 2000. In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia’s annextion of Crimea, Tornqvist bought out Timchenko.

Gunvor has been diversifying away from Russia, where it was created at the turn of the millennium by Swedish citizen Tornqvist and Russian businessman Gennady Timchenko, and changing its ownership

Rank Name Est. Net Worth (US$ billion) 1 Klaus-Michael Kuhne 10.0 2 Gennady Timchenko 9.1 3 Torbjorn Tornqvist 8.7 4 Ivan Glasenberg 6.5 5 Beny Steinmetz 5.8 6 Johann Rupert 5 Tornqvist got his start at British Petroleum in 1977 and founded Gunvor with Russian billionaire, Gennady Timchenko, in 2000. In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia’s annextion of Crimea, Tornqvist bought out Timchenko. Törnqvist now owns 64% of Gunvor, with the rest now held by company employees. Torbjorn Tornqvist – Billionaire. Phnom Penh HR September 30, 2018 Unique World's Billionaires.

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Công ty được đồng sáng lập và kiểm soát bởi Gennady Timchenko cùng với Torbjörn Törnqvist (theo tên mẹ của công &n 2 Apr 2021 to expand its oil dealings in Russia, Chief Executive Torbjorn Tornqvist told Reuters, and sees oil prices staying beginnings were Russia-focused until 2014 when its co-founder Russian businessman Gennady Timchenko& former shareholder Gennady Timchenko was sanctioned by the US over his close ties to Russian President Vladimir Putin. Timchenko sold his 44% equity stake in Gunvor, one of the five-biggest independent oil traders, to partner and Swe 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. Gennady Timchenko, owner of Volga Group—an energy, infrastructure and transportation investment company— is described as one of the In 1997, Gennady Timchenko co-founded the Gunvor Group Ltd. with his partner Torbjorn Tornqvist. 14 Dec 2010 Gennady Timchenko and Torbjörn Törnqvist, Founders, Gunvor and Clearlake Shipping As the youngest of the big four oil traders, Mr Timchenko and Mr Törnqvist have propelled Gunvor in a short space of time to become  TIMCHENKO, Gennady Nikolayevich (b.1952) is a Russian-Finnish billionaire, a close friend of Vladimir Putin. Born in Soviet Armenia after a while headed it.

Kalpesh Patel. Kalpesh In 2006, Swedish billionaire Torbjorn Tornqvist was searching for new source of crude oil. As chief executive officer of Gunvor, a giant crude oil trader he had co-founded with Gennady Timchenko, an ally of Russian President Vladimir Putin, Tornqvist had reason to be concerned that the United States’ increasingly tense relations with Russia would end up cutting off the company’s main 2014-03-21 · The United States added Russian billionaire Gennady Timchenko to its sanctions list on Thursday, forcing him to sell his near 50 percent stake in the vast oil trading empire he co-founded in order Trading activities at Gennady Timchenko’s Gunvor suggests the answer is yes.

The co-founder of Gunvor, Torbjorn Tornqvist, is diluting his stake in the company to allow employees to own more than a third of the fast-growing trading house by year-end to help to retain and

Phnom Penh HR September 30, 2018 Unique World's Billionaires. Share SHARE . Torbjorn Tornqvist. ACTUAL TIME TOTAL ASSETS– since In the same year, it began to cooperate with the Committee on External Economic Relations in Leningrad, which was chaired by Vladimir Putin at the time, and was founded in 1997 with a Swedish partner, Torbjorn Tornqvist.

2014-12-16

2014-11-03 Timchenko, 63, is co-founder of energy trading giant Gunvor Group. Timchenko sold his 43% stake to business partner Torbjorn Tornqvist in March 2014, a day before he was hit with U.S. sanctions In the spring of 2014, the day before the imposition of US sanctions, Timchenko sold his main asset at that time – a controlling stake in the major oil trader Gunvor. The buyer was the founder of the company, Torbjorn Tornqvist. Currently, Timchenko’s assets include large stakes in Novatek and Sibur. Torbjorn Tornqvist is the Swedish co-founder of Gunvor Group, one of the largest commodities conglomerates in the world.

Three years later he founded Gunvor with Russian billionaire, Gennady Timchenko. In 2014, one day before the U 31 mei 2016 Recent kocht het nog een raffinaderij in Europoort van Koeweit. Gunvor is ooit opgericht door de Zweed Torbjörn Törnqvist en de Rus Gennady Timchenko. Die laatste zou goed bevriend zijn met Vladimir Poetin, en Gunvor  29 Mar 2020 There too was Gennady Timchenko, an alleged one-time KGB operative who'd worked closely with Putin and held On paper Gunvor was owned by Timchenko and his Swedish business partner, Torbjorn Tornqvist, but also  1 mars 2021 Gennady Timchenko et Torbjörn Törnqvist ont commencé à travailler ensemble en 1997 et ont officialisé Gunvor en 2000.
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In the same year, it began to cooperate with the Committee on External Economic Relations in Leningrad, which was chaired by Vladimir Putin at the time, and was founded in 1997 with a Swedish partner, Torbjorn Tornqvist. In 2007, Gennady Timchenko founded his own oil and gas company, Volga Vostochny, and in 2014 he sold his stake to another Timchenko sold his 50-percent voting stake in Gunvor to co-founder and chief executive Torbjorn Tornqvist a day before the U.S. slapped sanctions on him and other allies of Russian President The company has repeatedly said Mr Timchenko and chief executive officer Torbjorn Tornqvist had equal stakes of about 45 per cent each and the remaining 10 per cent was owned by staff.

2009-03-16 · Tags: gennady timchenko, gunvor, logistics, Oil trading trackback 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 million ” according to its Chairman Torbjorn Tornqvist. Gennady Timchenko until 2014He has been one of the two major shareholders Gunvor with 43.5% share. The same shares owned business partner Timchenko, Swedish billionaire Torbjorn Tornqvist (state estimation, according to Forbes, - $ 1,8 billion).
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In the same year, it began to cooperate with the Committee on External Economic Relations in Leningrad, which was chaired by Vladimir Putin at the time, and was founded in 1997 with a Swedish partner, Torbjorn Tornqvist. In 2007, Gennady Timchenko founded his own oil and gas company, Volga Vostochny, and in 2014 he sold his stake to another

Three years later he founded Gunvor with Russian billionaire, Gennady Timchenko. In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia's annextion of Crimea, Tornqvist bought out the Russian oligarch.