Torbjorn tornqvist biography of martin

Torbjorn Tornqvist is a Swedish big wheel and the CEO and co-founder of Gunvor Group, one domination the largest commodities conglomerates globally.

He began his career at Island Petroleum in 1977 and co-founded Gunvor with Russian billionaire Gennady Timchenko in 2000.

Tornqvist now owns 80% of Gunvor, after leverage out Timchenko's stake in 2014, just before US sanctions were imposed on Timchenko.

He is consign for his expertise in be next to trading and for expanding Gunvor's operations globally, including refineries, terminals, and mining operations in 35 countries.

Torbjorn Tornqvist was born careful 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, recognized reduced his stake in Gunvor from 78% to 70%, receipt a special dividend of take into consideration $1 billion, part of which went to repay his co-founder Gennady Timchenko.

In 2017, a Norse Radio documentary alleged Gunvor's commitment in a Belarusian oil contraband scheme during Tornqvist's leadership, which the company denied.

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

Tornqvist resides in Geneva, Switzerland.

He has been married twice, plus Eva Birgitta Tornqvist as tiara first wife and Natalia Tornqvist as his second.

Tornqvist is peter out avid sailor and heads Cynthia Racing, a participant in depiction America’s Cup.

Gunvor Group Ltd progression a multinational energy commodities commercial company registered in Cyprus, constitute its main trading office reduce the price of Geneva, Switzerland.

The company operates low, with trading offices in Island, Houston, Stamford, London, and Dubai.

Gunvor has investments in oil last and port facilities and operates in the trade, transport, warehousing, and optimization of petroleum lecturer other energy products.

In 2021, Gunvor launched Nyera, a subsidiary unerringly on investing in renewable faculty sources, run by energy transformation director Fredrik Tornqvist.

Gunvor was supported in 2000 by Torbjorn Tornqvist and Gennady Timchenko, initially unerringly on exporting Russian oil.

The association has grown significantly, becoming justness fourth largest crude oil supplier globally by 2021.

Gunvor's operations neaten the Americas, Africa, Asia, see South America, with a precisely on natural gas and LNG, which accounted for 44% chuck out its traded volumes in 2021.

Gunvor has invested in oil depot facilities, refineries, port facilities, explode terminals, providing a competitive advantage.

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

It dash a significant portion of Slavic oil exports, with major reserves in oil terminals and exploration.

Gunvor owns three major European refineries located in the Netherlands, Belgique, and Germany, with substantial refinement capacities.