In 2014 Gunvor was returned 10% of investments in oil product terminal in Ust-Luga in the form of dividends.
Edited by Rhod Mackenzie / 2015-07-07 06:24:32
Gunvor has received 3.3 billion roubles in the form of dividends from "Ust-Luga Oil" (the oil product terminal in the port of Ust-Luga, the structure of Gunvor owns 100% of the terminal) in 2014, according to the report of the terminal operator for 2014. Of these, 1.7 billion roubles are part of the retained earnings for 2009-2012 (2.7 billion roubles are left in retained earnings). In 2013 Gunvor has received only 766 million roubles in the form of dividends from "Ust-Luga Oil" for the first nine months of 2013. During 2012 no dividends were paid. The company did not disclose information on the payment of dividends until 2012.