CVR Energy enters 2-year exclusive crude supply deal with Gunvor; replaces Vitol

CVR ENERGY INC

Effective Jan 1, 2024; 24-month term with automatic one-year renewals.
Gunvor becomes exclusive supplier of crude oil and intermediation logistics for CVR's refineries in Wynnewood, OK and Coffeyville, KS.
Agreement is designed to reduce crude inventory at certain locations and mitigate pricing risk.
Replaces prior supply deal with Vitol Inc., which terminates Dec 31, 2023 as previously disclosed.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CVR ENERGY INC entered into Crude Oil Supply Agreement with Gunvor USA LLC (effective 2023-06-28).

Action: entry
Agreement: supply
Counterparty: Gunvor USA LLC
Effective: 2023-06-28

Exact text from the filing

On June 28, 2023, CVR Supply & Trading, LLC (“CVR S&T”), an indirect subsidiary of CVR Energy, Inc. (the “Company”), entered into a Crude Oil Supply Agreement (the “Agreement”) with Gunvor USA LLC (“Gunvor”), a subsidiary of Gunvor Group Ltd.

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Source: SEC EDGAR

accession 0001376139-23-000042

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