Gunvor Group has completed its acquisition of the Kuwait Petroleum Europoort refinery in Rotterdam, The Netherlands, from Kuwait Petroleum International, allowing the refinery to continue to operate in line with Gunvor’s integration and optimization strategies.

“We are pleased to welcome the Rotterdam facility into the Group,” said Gia Mai, Gunvor’s Chief Investment Officer. “The Rotterdam refinery will enhance Gunvor’s existing refining operations, particularly through synergies with our Antwerp facility, while complementing our global trading activities.”

As a part of the transfer, Kuwait Petroleum Europoort will now be named Gunvor Petroleum Rotterdam and will be integrated into Gunvor’s existing European refinery network, which includes refineries in Antwerp, Belgium and Ingolstadt, Germany, both wholly owned by the Group since 2012.

Gunvor is one of the world’s leading independent commodities trading houses, and with the acquisition of the Rotterdam facility is now responsible for more than 1,000 refining jobs in Europe and almost 300,000 b/d of installed refining capacity.

About Gunvor

Gunvor was founded in 2000 as a merchant of crude oil and oil products. From the very beginning we differentiated ourselves by committing to long-term business relationships and the application of innovative trading solutions. By combining our regional market knowledge with global logistics we have earned a reputation for reliably acquiring, marketing and moving energy commodities from areas of surplus to those with greatest demand.

About Kuwait Petroleum International

Kuwait Petroleum International (Q8) is the international marketing arm of Kuwait Petroleum Corporation, a top ten energy conglomerate.