Gunvor Appoints Stephane Caudron as Head of LNG

LONDON, November 19 - Gunvor International B.V. ("Gunvor"), one of the world's major
independent energy companies announces Stephane Caudron will be starting on 1
January 2010 as Head of LNG.

Mr. Caudron will join Gunvor from RBS Sempra where he was also Head of
LNG. He brings more than 25 years experience in the Natural Gas markets
having previously held senior positions in Gaz de France, where he was
latterly Managing Director in charge of projects and EPC and Statoil where he
developed downstream gas and LNG projects for the major in France and
Southern Europe and was at the forefront of gas market deregulation in
Europe. He will be based in Geneva.

Commenting on the announcement, Paymon Aliabadi, Head of Gunvor's Global
Energy Division said, "We are delighted that Stephane will be joining us. As
Gunvor diversifies from purely oil trading into being a fully integrated
energy trading company, Stephane is typical of the quality of individuals who
are joining the company. He is a fantastic addition to our recently
established Global Energy Division."

About Gunvor

Gunvor International B.V., registered in Amsterdam, with main trading
operations in Geneva and Singapore, is one of the world's major independent
energy trading companies. It is a market leader in the trade, transport,
storage and optimization of global oil and petroleum products. Leveraging
Gunvor's trading infrastructure and market presence, it is developing a
Global Energy Portfolio to become a leading market player in the global
energy markets.

For more information: M: Communications, Stuart Leasor: +44-20-7920-2317,
leasor@mcomgroup.com

For more information: M: Communications, Stuart Leasor: +44-20-7920-2317, leasor at mcomgroup.com