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Report: Gunvor postpones plan to sell 26% in Ust-Luga oil terminal

MOSCOW, Oct 11 (PRIME) -- International trader Gunvor Group has postponed its plans to sell its 26% stake in the oil product terminal in the Russian port of Ust-Luga, CEO Torbjorn Tornqvist told Bloomberg in an interview posted on Friday.

He said that Gunvor had good financials for January–June in all segments, including sales of liquefied natural gas (LNG).

In February, Reuters reported that Gunvor Group was considering selling non-core assets in Russia in order to improve the financial state after a loss in 2018.

End

11.10.2019 14:21
 
 
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