"Gunvor Chief Executive Officer Torbjorn Tornqvist said at the FT conference that the company may raise equity from outside investors as an option for growth. "
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"At the same FT event, Gunvor Group Chief Executive Officer Torbjorn Tornqvist said Russian refiners are trimming their oil output, threatening to exacerbate what is already short supply in Europe's diesel market."
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"Russian refiners are trimming their output, threatening to exacerbate a European diesel market already in short supply, Gunvor Group Chief Executive Officer Torbjorn Tornqvist said."
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"Its employee-shareholders, including co-founder, chairman and chief executive Torbjorn Tornqvist who owns 87% of the company's shares, were paid a dividend of $83.5 million in 2020, up from $66 million in 2019."
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"Timchenko sold his stake to Gunvor Chief Executive Officer and fellow co-founder Torbjorn Tornqvist a day before the sanctions were levied. "
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"Gunvor's CEO Torbjorn Tornqvist last week told Bloomberg News last week that he didn't expect oil prices to go much beyond $60 a barrel as the rising price would stimulate more supply. "
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"Gains beyond $60 a barrel are unlikely because that would prompt energy companies to ramp up production, Gunvor Chief Executive Officer Torbjorn Tornqvist said on Friday."
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"Timchenko agreed to sell his entire stake in Gunvor to company co-founder Torbjorn Tornqvist a day before the U.S. sanctioned Timchenko in March, 2014 due to his close ties to Putin."
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