Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses

• Sunday, 9th November 2025
• by Fatma Ahmed

Lukoil’s sale to Gunvor is blocked by the US Treasury, raising pressure as the Nov 21 sanctions deadline nears. Industry analysts predict Lukoil may be compelled to sell its international assets at deep discounts ...

Aramco Secures First US Crude Cargo, Shaping Brent Oil Market

• Sunday, 26th January 2025
• by Doaa Ashraf

Saudi Aramco has purchased its first cargo of WTI Midland, a U.S. crude oil grade that underpins the global Brent benchmark, according to Reuters. The transaction took place on Tuesday in the Platts trading window ...

Vitol, Gunvor to Acquire Petromac in Mozambique

• Thursday, 8th June 2017
• by

The state-owned fuel distributor has struggled to reliably supply Mozambique with fuel due to cash shortages.

Equatorial Guinea Shortlists Petroleum Firms for Off-take Agreement

• Tuesday, 6th June 2017
• by

Shell, Gunvor and Vitol were shortlisted for an off-take agreement at the Fortuna floating liquefied natural gas (FLNG) export terminal.

EGAS Awarded 2017 LNG Import Deals

• Tuesday, 29th November 2016
• by Sarah Samir

The Egyptian Natural Gas Holding Company (EGAS) awarded liquefied natural gas (LNG) import contracts to Glencore, Trafigura, BB Energy, Gunvor and Vitol.

Chevron to Sell African Assets

• Tuesday, 25th October 2016
• by Egypt Oil & Gas

Total, Glencore and Gunvor are bidding for a 75% stake in Chevron's South African downstream assets, which include a 110,000b/d refinery in Cape Town.

West Africa to Ship 60 Oil Cargos to Asia in September

• Monday, 5th September 2016
• by Egypt Oil & Gas

The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make th ...

Oil Majors Shell and Total Cut Costs by Integrating Refinery Units

• Tuesday, 5th May 2015
• by Egypt Oil & Gas

Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into th ...