Petersburg Fuel Company
Encyclopedia
The Petersburg Fuel Company (PTK, in Russian: Петербургская топливная компания, ПТК) is a joint stock company of Saint Petersburg
, Russia
, specializing mostly in gasoline
refining
, storage, transportation and retailing, founded in September 1994, after a fuel supply crisis had hit the city hard. Until 2001, when it became an open joint stock holding, the company had been a closed joint stock company.
As of July 2002, it was the leading gasoline retail operator in Saint Petersburg and run 94 out of 270 gasoline filling stations in the city and several stations in the neighboring regions.http://se2.isn.ch/serviceengine/FileContent?serviceID=RESSpecNet&fileid=084077CB-475C-023E-5664-602FE1D1CEF9&lng=en As of Summer 2003 it had 69 stations and 28 percent of sales followed by Phaeton Gasoline Company with 36 stations and a 14-percent market share. http://www.ptk.ru/s/12/?tk=true&frompage=corp According to its website, it currently (February 2008) has 84 stations in St Petersburg and 111 elsewhere in Russia, including 10 in Moscow (of which at least 4 were formerly supplied by Yukos
). http://www.sptimes.ru/index.php?action_id=100&story_id=10631
The company also has acquired the Rzhevka Airport
after its bankruptcy
. http://www.sptimes.ru/index.php?action_id=2&story_id=16758
, Property Management Committee of Leningrad Oblast
Administration, Baltic Sea Steamship Company
, Northwestern Steamship Company, Oktyabrskaya Railway
Directorate, Saint Petersburg Seaport, Vladimir Putin
signed a decree granting the company a virtual monopoly over retail gasoline sales in the city, including supply to the huge fleet of city ambulances, cop cars, buses and taxis. http://www.cdi.org/russia/johnson/5411.html The company began to develop its filling station
s network.
On March 22, 1996, Ziya Bazhayev
was appointed Vice-President of the company.
On June 4, 1996 the company agreed to cooperate with YUKOS
until 2000.
In September 1996 the company for the first time bought 20 thousand tons of crude oil to process it on the Kirishinefteorgsintez refinery.
On October 13, 1998 President of the Company Dmitry Filippov died from wounds three days after the explosion of a radio-controlled mine. http://www.jamestown.org/publications_details.php?volume_id=24&issue_id=2084&article_id=18648, http://www.themoscowtimes.com/stories/1998/10/15/011.html In 1996 he took part in the elections for the position of St. Petersburg governor, and as of 1998 was an authorized delegate of Gennady Seleznyov, Speaker of the State Duma
. http://www.kommersant.com/p398799/r_1/New_Repartition_/ On February 16, 1999 Yury Shutov
, a deputy in St. Petersburg Legislative Assembly and a prominent businessman, was arrested on charges of having organized this and other contract murders. http://www.jamestown.org/print_friendly.php?volume_id=22&issue_id=1484&article_id=15078
Andrei Stepanov, in turn, unsuccessfully took part as a contender in the 1999 St. Petersburg Legislative Assembly election. http://se2.isn.ch/serviceengine/FileContent?serviceID=RESSpecNet&fileid=FE8F056E-960B-1166-C6A1-99A17A7C0828&lng=en The company's president Yuri Antonov served as vice-governor of Saint Petersburg from 1997 till 2002.
In 2001 the company was restructured in an open joint stock holding, and the City Property Committee of the Saint Petersburg City Administration
under Valery Nazarov
lost 13.2 out of its 14.5% share as a result. http://www.dpgazeta.ru/article/38066
In May 2002 Gryzlov sent a commission to St. Petersburg to investigate corruption allegations in the city's gasoline market. The investigation was started after the Faeton Gasoline Company, second largest gasoline retailer in the city, had complained to both Gryzlov and the Prosecutor General
's Office in April that the Saint Petersburg City Administration
gave preferences to the Petersburg Fuel Company. http://www.sptimes.ru/index.php?action_id=2&story_id=7254 However, this had no evident consequences.
In August 2006, the company's president Yuri Antonov announced that the company would like to sell its stations to the oil company Surgutneftegaz, its supplier of gasoline, and that Gazprom
and Surgutneftegaz might build a storage and distribution terminal near St. Petersburg on a 7 km² site owned by the Petersburg Fuel Company. http://www.sptimes.ru/index.php?action_id=2&story_id=18476, http://www.sptimes.ru/index.php?action_id=2&story_id=18434
Saint Petersburg
Saint Petersburg is a city and a federal subject of Russia located on the Neva River at the head of the Gulf of Finland on the Baltic Sea...
, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, specializing mostly in gasoline
Gasoline
Gasoline , or petrol , is a toxic, translucent, petroleum-derived liquid that is primarily used as a fuel in internal combustion engines. It consists mostly of organic compounds obtained by the fractional distillation of petroleum, enhanced with a variety of additives. Some gasolines also contain...
refining
Oil refinery
An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas...
, storage, transportation and retailing, founded in September 1994, after a fuel supply crisis had hit the city hard. Until 2001, when it became an open joint stock holding, the company had been a closed joint stock company.
As of July 2002, it was the leading gasoline retail operator in Saint Petersburg and run 94 out of 270 gasoline filling stations in the city and several stations in the neighboring regions.http://se2.isn.ch/serviceengine/FileContent?serviceID=RESSpecNet&fileid=084077CB-475C-023E-5664-602FE1D1CEF9&lng=en As of Summer 2003 it had 69 stations and 28 percent of sales followed by Phaeton Gasoline Company with 36 stations and a 14-percent market share. http://www.ptk.ru/s/12/?tk=true&frompage=corp According to its website, it currently (February 2008) has 84 stations in St Petersburg and 111 elsewhere in Russia, including 10 in Moscow (of which at least 4 were formerly supplied by Yukos
YUKOS
OJSC "Yukos Oil Company" was a petroleum company in Russia which, until 2003, was controlled by Russian oligarch Mikhail Khodorkovsky and a number of other prominent Russian businessmen. After Yukos was bankrupted, Khodorkovsky was convicted and sent to prison.Yukos headquarters was located in...
). http://www.sptimes.ru/index.php?action_id=100&story_id=10631
The company also has acquired the Rzhevka Airport
Rzhevka Airport
Rzhevka Airport is an airport in Leningrad Oblast, Russia located 15 km east of Saint Petersburg. It services small transport aircraft.Abandoned since 2007, the runways are currently used as General Motors dealer car parking...
after its bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
. http://www.sptimes.ru/index.php?action_id=2&story_id=16758
Director Generals
- September 13, 1994 – German Makarov
- November 21, 1995 – Alexander Kozlov
- January 29, 1997 – Vladimir SmirnovVladimir Alexeyevich SmirnovVladimir Alexeyevich Smirnov is a prominent Russian businessman, former Director General of the Petersburg Fuel Company , former Chairman of the Board of Directors of the Petersburg Fuel Company...
- July 1, 1998 – Vyacheslav Shalin
- June 1, 1999 – Vadim Glazkov
- July1999 – Vyacheslav Shalin
Chairpersons of the Board of Directors
- September 13, 1994 – Dmitry FilippovDmitry FilippovDmitry Filippov is a Russian handball player.He played for the Russia national handball team at the 2000 Summer Olympics in Sydney, where Russia won the gold medal.-References:...
- September 30, 1996 – Vladimir Kalashov
- June 30, 1997 – Andrei Stepanov
- December 28, 1999 – Vladimir SmirnovVladimir Alexeyevich SmirnovVladimir Alexeyevich Smirnov is a prominent Russian businessman, former Director General of the Petersburg Fuel Company , former Chairman of the Board of Directors of the Petersburg Fuel Company...
- June 30, 2001 – Vadim Glazkov
- November 30, 2004 – Yury Antonov
Shareholder structure
(as of Juanuary 2007)- Petersburg City Bank - 75.9%
- Promtrade Ltd. - 21.9%
- City Property Committee of the Saint Petersburg City AdministrationSaint Petersburg City AdministrationSaint Petersburg City Administration is the superior executive body of Saint Petersburg , Russian Federation. It is located in a historic building, Smolny....
- 1.6% - VITA-X JSC - 0.6%
History
The first board of directors and managing committee of the company were elected on September 13, 1994. The company was organized by the City Property Management Committee of Saint Petersburg City AdministrationSaint Petersburg City Administration
Saint Petersburg City Administration is the superior executive body of Saint Petersburg , Russian Federation. It is located in a historic building, Smolny....
, Property Management Committee of Leningrad Oblast
Leningrad Oblast
Leningrad Oblast is a federal subject of Russia . It was established on August 1, 1927, although it was not until 1946 that the oblast's borders had been mostly settled in their present position...
Administration, Baltic Sea Steamship Company
Baltic Sea Steamship Company
The Baltic Sea Steamship Company is a Russian sea transport enterprise based in Saint Petersburg and operating on the Baltic Sea. It was founded in 1835. In the Soviet Union it was the largest steamship company with about two hundred vessels. In November 1992 it was transformed into a joint stock...
, Northwestern Steamship Company, Oktyabrskaya Railway
Oktyabrskaya Railway
The broad gauge Oktyabrskaya Railway or October Railway , which forms part of RZD, is the oldest railway in Russia, located in the north-west of the country. It stretches from Moscow's Leningrad Terminal in the south to Murmansk beyond the Arctic Circle in the north. The total length of the lines...
Directorate, Saint Petersburg Seaport, Vladimir Putin
Vladimir Putin
Vladimir Vladimirovich Putin served as the second President of the Russian Federation and is the current Prime Minister of Russia, as well as chairman of United Russia and Chairman of the Council of Ministers of the Union of Russia and Belarus. He became acting President on 31 December 1999, when...
signed a decree granting the company a virtual monopoly over retail gasoline sales in the city, including supply to the huge fleet of city ambulances, cop cars, buses and taxis. http://www.cdi.org/russia/johnson/5411.html The company began to develop its filling station
Filling station
A filling station, also known as a fueling station, garage, gasbar , gas station , petrol bunk , petrol pump , petrol garage, petrol kiosk , petrol station "'servo"' in Australia or service station, is a facility which sells fuel and lubricants...
s network.
On March 22, 1996, Ziya Bazhayev
Ziya Bazhayev
Ziya Bazhayev was a prominent Russian businessman of Chechen origin specializing in oil trading. He died in Moscow during a crash of a Yakovlev Yak-40 aircraft shortly after take off on March 9, 2000, together with a Russian journalist, Artyom Borovik.Bazhayev's death is mentioned in many Nigerian...
was appointed Vice-President of the company.
On June 4, 1996 the company agreed to cooperate with YUKOS
YUKOS
OJSC "Yukos Oil Company" was a petroleum company in Russia which, until 2003, was controlled by Russian oligarch Mikhail Khodorkovsky and a number of other prominent Russian businessmen. After Yukos was bankrupted, Khodorkovsky was convicted and sent to prison.Yukos headquarters was located in...
until 2000.
In September 1996 the company for the first time bought 20 thousand tons of crude oil to process it on the Kirishinefteorgsintez refinery.
On October 13, 1998 President of the Company Dmitry Filippov died from wounds three days after the explosion of a radio-controlled mine. http://www.jamestown.org/publications_details.php?volume_id=24&issue_id=2084&article_id=18648, http://www.themoscowtimes.com/stories/1998/10/15/011.html In 1996 he took part in the elections for the position of St. Petersburg governor, and as of 1998 was an authorized delegate of Gennady Seleznyov, Speaker of the State Duma
State Duma
The State Duma , common abbreviation: Госду́ма ) in the Russian Federation is the lower house of the Federal Assembly of Russia , the upper house being the Federation Council of Russia. The Duma headquarters is located in central Moscow, a few steps from Manege Square. Its members are referred to...
. http://www.kommersant.com/p398799/r_1/New_Repartition_/ On February 16, 1999 Yury Shutov
Yury Shutov
Yury Titovich Shutov is a Russian politician who is known for collecting incriminating evidence against Saint Petersburg administration, including former Mayor Anatoly Sobchak and his aide at this time Vladimir Putin...
, a deputy in St. Petersburg Legislative Assembly and a prominent businessman, was arrested on charges of having organized this and other contract murders. http://www.jamestown.org/print_friendly.php?volume_id=22&issue_id=1484&article_id=15078
Andrei Stepanov, in turn, unsuccessfully took part as a contender in the 1999 St. Petersburg Legislative Assembly election. http://se2.isn.ch/serviceengine/FileContent?serviceID=RESSpecNet&fileid=FE8F056E-960B-1166-C6A1-99A17A7C0828&lng=en The company's president Yuri Antonov served as vice-governor of Saint Petersburg from 1997 till 2002.
In 2001 the company was restructured in an open joint stock holding, and the City Property Committee of the Saint Petersburg City Administration
Saint Petersburg City Administration
Saint Petersburg City Administration is the superior executive body of Saint Petersburg , Russian Federation. It is located in a historic building, Smolny....
under Valery Nazarov
Valery Nazarov
Valery Lvovich Nazarov is a Russian official and politician.From October 12, 1999, to November 10, 2003, Nazarov was the Chairman of the City Property Management Committee of the Saint Petersburg City Administration...
lost 13.2 out of its 14.5% share as a result. http://www.dpgazeta.ru/article/38066
In May 2002 Gryzlov sent a commission to St. Petersburg to investigate corruption allegations in the city's gasoline market. The investigation was started after the Faeton Gasoline Company, second largest gasoline retailer in the city, had complained to both Gryzlov and the Prosecutor General
Prosecutor General of Russia
The Prosecutor General of Russia heads the system of official prosecution in courts known as the Office of the Prosecutor General of Russian Federation ....
's Office in April that the Saint Petersburg City Administration
Saint Petersburg City Administration
Saint Petersburg City Administration is the superior executive body of Saint Petersburg , Russian Federation. It is located in a historic building, Smolny....
gave preferences to the Petersburg Fuel Company. http://www.sptimes.ru/index.php?action_id=2&story_id=7254 However, this had no evident consequences.
In August 2006, the company's president Yuri Antonov announced that the company would like to sell its stations to the oil company Surgutneftegaz, its supplier of gasoline, and that Gazprom
Gazprom
Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow...
and Surgutneftegaz might build a storage and distribution terminal near St. Petersburg on a 7 km² site owned by the Petersburg Fuel Company. http://www.sptimes.ru/index.php?action_id=2&story_id=18476, http://www.sptimes.ru/index.php?action_id=2&story_id=18434
External links
- Official site (in Russian)
- PTK (in Russian)