Abu Dhabi's ADNOC is eyeing commodities trader Gunvor. A valuation involves guesswork, and it used to be owned by a target of U.S. sanctions. But the UAE could use the company's roster of gas client relationships, and it has the cash, argues gfhay
Buying trading businesses carries the risk that its main assets – its people – walk out the door. Until 2014 Gunvor was also majority-owned by Gennady Timchenko,by the United States for his links to Russian President Vladimir Putin. While Swede Torbjorn Tornqvist bought his stake and runs the company, the history might make some Western buyers hesitate.
and BP’s volumes, and is smaller than Trafigura or Vitol. Yet it’s one of the biggest traders of liquefied natural gas , a market Abu Dhabi covets as Europe strives to replace Russian energy. With the UAE set to more than double annual LNG export capacity to over 15 million tonnes, it could use a roster of customers to accompany symbolic yet limited supply deals with the likes of Germany.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Logical Thought | HackerNoonEssays in Experimental Logic ,Chapter VI: Some Stages of Logical Thought by John Dewey is part of HackerNoon’s Book Blog Post series. - hackernoonbooks experimentallogic
Read more »
Nexstar Media Group names new leadership for CW NetworkThe network's new owner will install former Sony executive Dennis Miller to replace Mark Pedowitz.
Read more »
Comcast Rise Investment Fund: Cook County small businesses can apply to receive $10K for expensesSmall business owners can now apply for the Comcast Rise Investment Fund.
Read more »