Neste exits fuel retail business in Russia
The Finnish oil company is officially getting out of Russia's fuel retailing business by closing the sale to Tatneft.
In July 2019, Neste Corporation announced that it had signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in North-Western Russia to PJSC Tatneft, one of the leading integrated oil and gas companies in Russia.
The transaction received the approval of the Russian competition authorities on 4 October and was closed on 31 October.
The retail chain of Tatneft comprises more than 600 retail sites and is among the top five refueling chains in Russia.
