Gunvor Closed USD $530 Million Facility to Support Operations and Developments in Americas
12.20.2012 - NEWS

December 19, 2012 [Gunvor Group] - Gunvor Group, together with Crédit Agricole and Natixis, acting as Co-Arrangers, designed a collateral-pooled facility to support its crude oil operations and future developments in the Americas.


The USD $530 million facility was fully subscribed by six core banks in record time, packing in about two months. The facility will serve the storage of crude oil in Panama and the downstream sales to refiners in South and North America, including the United States.

Gunvor has an 17 percent stake in Petroterminal de Panamá, S.A. (PTP), which is a cooperative venture between the Government of the Republic of Panama and private industry. PTP owns 9.2 million barrels of storage capacity and state of the art blending capabilities, as well as an oil pipeline that runs 131 kilometers through the Panamanian Isthmus (reversed to now run from the Atlantic Terminal of Chiriqui Grande to the Pacific Terminal of Puerto Armuelles).

List of Tank Storage Facilities in TankTerminals.com – Week 3 (2022)
01.20.2022 - NEWS
Magellan Pipeline, Buckeye, ExxonMobil, Kinder Morgan, Chevron, Shell, Rubis, Evos, VARO, Vopak, ... Read More
Digitize Your ISGOTT 6 Safety Checklist and Streamline Your Operations
01.17.2022 - NEWS
January 17, 2022 [TankTerminals.com] – Safety is key, digitizing operations will contribute... Read More
Germany's HEH Delays Binding Open Season for Stade LNG Import Terminal
01.17.2022 - NEWS
January 17, 2022 [SPGlobal] – Hanseatic Energy Hub — the developer of the planned LNG... Read More
SABIC Signs MoU with Saudi Aramco and PKN Orlen
01.17.2022 - NEWS
January 17, 2022 [hydrocarbonengineering] – SABIC has signed a Memorandum of Understanding ... Read More