Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Neste to divest its fuel retail business in Russia and sell it to PJSC Tatneft
    édité le 05/07/2019 - Plus de news de "TATNEFT" - Voir la fiche entreprise de "TATNEFT"


Neste to divest its fuel retail business in Russia and sell it to PJSC Tatneft
Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia. The divestment has no impact on Neste’s Marketing & Services' operations in Finland and the Baltic countries.

“Neste targets to become a global leader in renewable and circular solutions. The divestment of Russian fuel retail business will enable us to focus on our strategic priorities,” says Neste’s President and CEO Peter Vanacker.

“Over the years we have developed the operations in St. Petersburg area into a successful business with approximately 1,000 employees who are known for their outstanding customer service and commitment to high health, safety and environmental standards. We are happy that Tatneft is keen to develop our fuel retail business in Russia further,” continues Vanacker.

“Neste has an extensive network of over 1,000 stations in Finland and in the Baltic countries. We focus on developing our solutions and services in Finland and the Baltic countries, where we can supply Neste MY Renewable Diesel and other high-quality fuels from our own refineries,” says Panu Kopra, Executive Vice President of Marketing & Services business unit.

Nail Maganov, the General Director of Tatneft, said in connection with the transaction: “Tatneft’s retail network is one of the five largest Russian chains with more than 600 own petrol stations. The retail sales strategy focus is on the realization of high-grade fuels produced at our state-of-the-art TANECO refinery and provision of high quality service to our customers, including convenience store services (i.e., café, shops). The acquisition of Neste's retail business in the North Western Russia, which is one of the highest priority regions for Tatneft, is a significant contribution to the achievement of our strategic goals, including the marketing of approximately 50% of our own produced fuels domestically. One of the key priorities in developing and operating Tatneft’s retail network is to minimize environmental impact. Neste is one of the leaders in this field in Russia, which would allow us to expand and promote the best practices in this area throughout our operation”.

Pursuant to a separate agreement between Tatneft and Neste following the acquisition the retail network will continue to operate under the Neste brand for up to 5 years.

The parties have agreed that the transaction price shall remain confidential. The transaction will not have a material effect on Neste’s and Tatneft’s respective financial positions. The completion of the sale by Neste to Tatneft is subject to the approval of the Russian competition authorities and the transaction is estimated to be completed by the end of 2019.

About Tatneft

PJSC Tatneft (TATN, Moscow Exchange; ATAD, LSE) is one of the largest vertically integrated oil companies in Russia with its core operations located in Tatarstan, Russian Federation. In 2018 Tatneft Group produced 29.5 million tonnes (210.4 MMbbl) of crude oil and 925.3 million cubic meters of gas. Tatneft operates the most modern and one of the most complex refineries in Russia TANECO, including which Tatneft produced over 8.9 million tonnes of refined products in 2018 with the light product yield of around 84%.
In 2019 TANECO launches second initial processing unit that will allow Tatneft to produce 203 000 barrels per day of refined products already by the end of 2019 and reaching 293 000 barrels per day in the future. Tatneft is also involved in petrochemicals’, mainly tires, production and marketing, manufacturing of equipment for the production, treatment and refining of oil and gas, as well as engineering, procurement and construction services for oil, gas and petrochemical projects and, from 2016, in banking activities.
Tatneft’s consolidated sales and other operating revenues on non-banking activities net of export duties and excise taxes in 2018 were 910,534 million Rubles (US$ 14,520 million).

About Neste

Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world.


Origine : Communiqué TATNEFT

Voir la fiche entreprise de "TATNEFT"



Les dernières news de "TATNEFT"

  geoenergydays
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling maersk-oil malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2019