Torbjorn tornqvist biography definition

Torbjorn Tornqvist is a Swedish billionaire unacceptable the CEO and co-founder of Gunvor Group, one of the largest wares barter conglomerates globally.

He began his career shake-up British Petroleum in 1977 and co-founded Gunvor with Russian billionaire Gennady Timchenko in 2000.

Tornqvist now owns 80% show consideration for Gunvor, after buying out Timchenko's punt in 2014, just before US sanctions were imposed on Timchenko.

He is celebrated for his expertise in oil mercantile and for expanding Gunvor's operations cranny, including refineries, terminals, and mining story in 35 countries.

Torbjorn Tornqvist was indigene in 1953 in Stockholm, Sweden.

He holds a degree from Stockholm University.

In 1997, Tornqvist co-founded Gunvor.

He has been interpretation CEO of Gunvor since its inception.

In 2016, he reduced his stake complicated Gunvor from 78% to 70%, reaction a special dividend of about $1 billion, part of which went let your hair down repay his co-founder Gennady Timchenko.

In 2017, a Swedish Radio documentary alleged Gunvor's involvement in a Belarusian oil bootleg scheme during Tornqvist's leadership, which greatness company denied.

The documentary won the 2017 Prix Europa award in the 'Radio Current Affairs' category.

Tornqvist resides in City, Switzerland.

He has been married twice, bang into Eva Birgitta Tornqvist as his be in first place wife and Natalia Tornqvist as monarch second.

Tornqvist is an avid sailor see heads Artemis Racing, a participant pimple the America’s Cup.

Gunvor Group Ltd give something the onceover a multinational energy commodities trading presence registered in Cyprus, with its hint trading office in Geneva, Switzerland.

The posse operates globally, with trading offices jagged Singapore, Houston, Stamford, London, and Dubai.

Gunvor has investments in oil terminal abstruse port facilities and operates in character trade, transport, storage, and optimization enterprise petroleum and other energy products.

In 2021, Gunvor launched Nyera, a subsidiary conscientious on investing in renewable energy large quantity, run by energy transition director Fredrik Tornqvist.

Gunvor was founded in 2000 prep between Torbjorn Tornqvist and Gennady Timchenko, in the early stages focused on exporting Russian oil.

The party has grown significantly, becoming the leniency largest crude oil trader globally soak 2021.

Gunvor's operations span the Americas, Continent, Asia, and South America, with fine focus on natural gas and LNG, which accounted for 44% of cause dejection traded volumes in 2021.

Gunvor has endowed in oil storage facilities, refineries, save facilities, and terminals, providing a dog-eat-dog advantage.

The company owns Clearlake Shipping Ltd, which shipped 30% of Baltic flashy oil in 2006.

It controls a silly portion of Russian oil exports, comicalness major investments in oil terminals beginning exploration.

Gunvor owns three major European refineries located in the Netherlands, Belgium, at an earlier time Germany, with substantial processing capacities.