Teboil
Encyclopedia
Oy Teboil Ab is an oil company
in Finland
, engaged in the marketing, sales and distribution of oil
and energy products, and service station
activities in Finland. It is a subsidiary of the Russia
n company Lukoil
.
company Eesti Kiviõli in Helsinki
in 1934 at the name Trustivapaa Bensiini (meaning: "Trust-free
Petrol
"), abbr. TB, from which came the current name in 1966. Another predecessor of Teboil, Suomen Petrooli, was established by German investors in Vyborg
in 1932. During the World War II
, the ownership of Trustivapaa Bensiini was transferred to German owners and later the company was held by the Ehrnrooth
's family. After the Continuation War, in 1947 according to the Paris Peace Treaty
TB became affiliated and it became the property of the Soviet Union
state-owned company Soyuznefteexport. In 1966, the company changed its name to Teboil, which came from the pronouncing of its abbreviation TB with addition 'oil'. During these years, the Finnish government enterprise Neste
held a legal monopoly in the wholesale of oil products, thus also Teboil actually obtained its gasoline and diesel from Neste.
In 1994 Soyuznefteexport was privatized and reorganized into Nafta-Moskva. In 2005, Nafta-Moskva sold Teboil to Lukoil. Teboil acquired JET unmanned stations chain in Finland, from the American
company ConocoPhillips
in 2006 and they were integrated into the Teboil chain as Teboil Express unmanned stations in 2007. The lubricant
factory and laboratory functions of Teboil was moved to the subsidiary LLK Finland, founded in 2007. The three subsidiaries, Suomen Petrooli, Suomen Tähtihovit and Suomen Tähtiautomaatit were merged to the parent company in 2008.
cards and brings K-markets into about 70 Teboil stations. The range of café and restaurant services will be improved by around 100 Rolls and Jokes hamburger units. The brand Autoasi ("Of Your Car") works in the car maintenance and spare parts services of Teboil Service Centres. Commercial traffic is served by around 400 refuelling stations, of which about 214 are unmanned diesel points.
Sale shares:
Petroleum industry
The petroleum industry includes the global processes of exploration, extraction, refining, transporting , and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline...
in Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
, engaged in the marketing, sales and distribution of oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
and energy products, and service 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...
activities in Finland. It is a subsidiary of the 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...
n company Lukoil
LUKoil
Lukoil/LUKoil ; ) is Russia's second largest oil company and its second largest producer of oil. In 2009, the company produced 97.615 million tons of oil; ....
.
History
Teboil was established by Estonian shale oilShale oil
Shale oil, known also as kerogen oil or oil-shale oil, is an unconventional oil produced from oil shale by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock into synthetic oil and gas...
company Eesti Kiviõli in Helsinki
Helsinki
Helsinki is the capital and largest city in Finland. It is in the region of Uusimaa, located in southern Finland, on the shore of the Gulf of Finland, an arm of the Baltic Sea. The population of the city of Helsinki is , making it by far the most populous municipality in Finland. Helsinki is...
in 1934 at the name Trustivapaa Bensiini (meaning: "Trust-free
Trust (19th century)
A special trust or business trust is a business entity formed with intent to monopolize business, to restrain trade, or to fix prices. Trusts gained economic power in the U.S. in the late 19th and early 20th centuries. Some, but not all, were organized as trusts in the legal sense...
Petrol
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...
"), abbr. TB, from which came the current name in 1966. Another predecessor of Teboil, Suomen Petrooli, was established by German investors in Vyborg
Vyborg
Vyborg is a town in Leningrad Oblast, Russia, situated on the Karelian Isthmus near the head of the Bay of Vyborg, to the northwest of St. Petersburg and south from Russia's border with Finland, where the Saimaa Canal enters the Gulf of Finland...
in 1932. During the World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
, the ownership of Trustivapaa Bensiini was transferred to German owners and later the company was held by the Ehrnrooth
Ehrnrooth
- Members of the family :* Adelaïde Ehrnrooth , writer, feminist* Adolf Reinhold Ehrnrooth, general* Adolf Ehrnrooth , general* Alexander Ehrnrooth , business man* Casimir Ehrnrooth , business man...
's family. After the Continuation War, in 1947 according to the Paris Peace Treaty
Paris Peace Treaties, 1947
The Paris Peace Conference resulted in the Paris Peace Treaties signed on February 10, 1947. The victorious wartime Allied powers negotiated the details of treaties with Italy, Romania, Hungary, Bulgaria, and Finland .The...
TB became affiliated and it became the property of the Soviet Union
Soviet Union
The Soviet Union , officially the Union of Soviet Socialist Republics , was a constitutionally socialist state that existed in Eurasia between 1922 and 1991....
state-owned company Soyuznefteexport. In 1966, the company changed its name to Teboil, which came from the pronouncing of its abbreviation TB with addition 'oil'. During these years, the Finnish government enterprise Neste
Neste Oil
Neste Oil is a Finnish oil refining and marketing company producing mainly transportation fuels and other refined petroleum products. Neste Oil shares are quoted on the Helsinki Stock Exchange.- History :...
held a legal monopoly in the wholesale of oil products, thus also Teboil actually obtained its gasoline and diesel from Neste.
In 1994 Soyuznefteexport was privatized and reorganized into Nafta-Moskva. In 2005, Nafta-Moskva sold Teboil to Lukoil. Teboil acquired JET unmanned stations chain in Finland, from the American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
company ConocoPhillips
ConocoPhillips
ConocoPhillips Company is an American multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States...
in 2006 and they were integrated into the Teboil chain as Teboil Express unmanned stations in 2007. The lubricant
Lubricant
A lubricant is a substance introduced to reduce friction between moving surfaces. It may also have the function of transporting foreign particles and of distributing heat...
factory and laboratory functions of Teboil was moved to the subsidiary LLK Finland, founded in 2007. The three subsidiaries, Suomen Petrooli, Suomen Tähtihovit and Suomen Tähtiautomaatit were merged to the parent company in 2008.
Service station network
At the end of year 2007 there were 354 business locations, of which 168 service stations, 180 unmanned refuelling stations and 6 boat stations. The renewal of the service station concept launched in 2008 enables the use of K-PlussaKesko
Kesko is a Finnish retailing conglomerate. It is engaged in the food trade, the home and specialty goods trade, the building and home improvement trade, and the car and machinery trade...
cards and brings K-markets into about 70 Teboil stations. The range of café and restaurant services will be improved by around 100 Rolls and Jokes hamburger units. The brand Autoasi ("Of Your Car") works in the car maintenance and spare parts services of Teboil Service Centres. Commercial traffic is served by around 400 refuelling stations, of which about 214 are unmanned diesel points.
Market shares
Teboil is the second-largest oil company in Finland with a 26,2 %. The revenue was €1.7 billion and the number of employees of 520.Sale shares:
- petrol 19.5%
- diesel 27.1%
- light heating oilHeating oilHeating oil, or oil heat, is a low viscosity, flammable liquid petroleum product used as a fuel for furnaces or boilers in buildings. Home heating oil is often abbreviated as HHO...
31.2% - heavy heating oil 43.4%
- liquid gasLiquid gasDue to the age of this content, you may be looking for:*Liquefaction of gases*liquid oxygen*liquid nitrogen*Liquid hydrogen*Liquid helium*paramagnetism *superconducting metals*ferromagnetism *liquified petroleum gas...
13.5% - lubricants 23.5%