Neste Oil Oyj
helsinki : NES1V

November 25, 2011 06:42 ET

Neste Oil Expanding Its Presence in Northwest Russia

ESPOO, FINLAND--(Marketwire - Nov 25, 2011) - Neste Oil has further strengthened its share of the retail market in Northwest Russia following the acquisition of four new service stations in the St. Petersburg region in November and the opening of three new outlets there earlier in the year.

The revamp of Neste Oil's service station network is also proceeding according to plan, and the station visuals and shops at 10 outlets have been revamped this year in line with Neste Oil's new retail concept. Including the new stations, Neste Oil now has a total of 61 service stations in Russia employing around 900 people. The expanded station network will further consolidate Neste Oil's position as one of the market leaders in the St. Petersburg region.

"Neste Oil's goal is to be one of the two largest station networks in all its selected markets, and we are now closer to achieving this in Northwest Russia as well," says Panu Kopra, Neste Oil's Vice President, Russian, Polish, and Baltic Operations.

"Our overall aim is to consolidate Neste Oil's position as one of the leading brands on the retail market in and around St. Petersburg," says Indrek Kaju, General Manager, Russian Operations at Neste St. Petersburg. "An extensive station network, together with our revamped retail concept and high standards of customer service, will be central to our long-term success."

Neste Oil launched its service station operations in the Baltic countries in the 1990s and opened its first station in St. Petersburg in 1991. The current network in Russia extends from the Finnish-Russian border all the way to Novgorod. The most distant station from Finland is located in Krestsy, between St. Petersburg and Moscow.

Neste Oil in brief Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. The company had net sales of EUR 11.9 billion in 2010 and employs around 5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.

Neste Oil has been selected into the Dow Jones Sustainability World Index and is also featured in the Ethibel Excellence investment register. The company is included in The Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.

Oil Retail in brief Neste Oil's Oil Retail business has a network of 1,171 service stations and other outlets and is a key marketing channel for Neste Oil's premium- quality, low-emission products. Oil Retail aims to be a leading player in its markets and is a major petroleum products retailer in Finland, Northwest Russia, Estonia, Latvia, Lithuania, and Poland.

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Source: Neste Oil Oyj via Thomson Reuters ONE

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Contact Information


  • Neste Oil Corporation
    Hanna Maula
    Director, Corporate Communications

    Further information:
    Panu Kopra
    Vice President, Russian, Polish, and Baltic Operations
    tel. +358 (0)50 458 9444

    Indrek Kaju
    General Manager, Russian Operations, Neste St. Petersburg
    tel. +7 (0)921 905 2033