GENEVA, SWITZERLAND--(Marketwired - Nov. 9, 2015) - Gunvor Group has completed the sale of its 50 percent ownership stake in the Nevskaya Pipeline Company (NPC) to Gazprombank. NPC owns a 4 kilometer pipeline connecting a jetty on the Baltic Sea to a crude oil tank farm owned by Transneft. The pipeline's full nominal throughput capacity, which is fed by the BPS-2 pipeline, ranges from 20 to 25 million metric tons per year. The terms of the sale were not disclosed.
About Gunvor Group
Gunvor Group is one of the world's largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure-refineries, pipelines, storage, terminals, mining and upstream - Gunvor further generates sustainable value across the global supply chain for its customers. More information can be found at GunvorGroup.com or @Gunvor.
(November 9, 2015 - 10:00 AM EST)
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