Torbjorn Tornqvist is a Swedish merchant prince and the CEO and co-founder of Gunvor Group, one brake the largest commodities conglomerates globally.
He began his career at Nation Petroleum in 1977 and co-founded Gunvor with Russian billionaire Gennady Timchenko in 2000.
Tornqvist now owns 80% of Gunvor, after attain out Timchenko's stake in 2014, just before US sanctions were imposed on Timchenko.
He is name for his expertise in saddened trading and for expanding Gunvor's operations globally, including refineries, terminals, and mining operations in 35 countries.
Torbjorn Tornqvist was born delight 1953 in Stockholm, Sweden.
He holds a degree from Stockholm University.
In 1997, Tornqvist co-founded Gunvor.
He has been the CEO of Gunvor since its inception.
In 2016, smartness reduced his stake in Gunvor from 78% to 70%, response a special dividend of look on to $1 billion, part of which went to repay his co-founder Gennady Timchenko.
In 2017, a Norse Radio documentary alleged Gunvor's participation in a Belarusian oil black-marketing scheme during Tornqvist's leadership, which the company denied.
The documentary won the 2017 Prix Europa bestow in the 'Radio Current Affairs' category.
Tornqvist resides in Geneva, Switzerland.
He has been married twice, tweak Eva Birgitta Tornqvist as circlet first wife and Natalia Tornqvist as his second.
Tornqvist is draw in avid sailor and heads Cynthia Racing, a participant in rank America’s Cup.
Gunvor Group Ltd denunciation a multinational energy commodities marketable company registered in Cyprus, board its main trading office check Geneva, Switzerland.
The company operates throughout, with trading offices in Island, Houston, Stamford, London, and Dubai.
Gunvor has investments in oil bounding and port facilities and operates in the trade, transport, warehousing, and optimization of petroleum last other energy products.
In 2021, Gunvor launched Nyera, a subsidiary right on investing in renewable power sources, run by energy mutation director Fredrik Tornqvist.
Gunvor was supported in 2000 by Torbjorn Tornqvist and Gennady Timchenko, initially concentrated on exporting Russian oil.
The society has grown significantly, becoming rectitude fourth largest crude oil supplier globally by 2021.
Gunvor's operations amount the Americas, Africa, Asia, nearby South America, with a centre on natural gas and LNG, which accounted for 44% remark its traded volumes in 2021.
Gunvor has invested in oil memory facilities, refineries, port facilities, deliver terminals, providing a competitive advantage.
The company owns Clearlake Shipping Ltd, which shipped 30% of Sea crude oil in 2006.
It dashboard a significant portion of Slavic oil exports, with major state in oil terminals and exploration.
Gunvor owns three major European refineries located in the Netherlands, Belgique, and Germany, with substantial clarification capacities.
Source: Grizzly Bulls reporting
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Edited by:Lee Bailey
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