Statoil Fuel & Retail

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Statoil Fuel & Retail
Wholly owned subsidiary
Industry Petroleum, Retail
Headquarters Oslo, Norway
Number of locations
2,239 stations
Area served
Northern Europe
Revenue Increase NOK 73.7 billion (2011)
Number of employees
17,500 (2014)
Parent Alimentation Couche-Tard
Subsidiaries Statoil (fuel station)
Statoil in Lithuania

Statoil Fuel & Retail is a Norwegian energy retail company, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company.[1][2]

The company has 2,300 fuel retail stations in Scandinavia, Poland, the Baltic Countries and Russia as well as significant lubricants and aviation fuel operations.[3] It was listed as a separate company on the Oslo Stock Exchange on October 22, 2010.[4]

On 18 April 2012 it was announced that Alimentation Couche-Tard would buy Statoil Fuel & Retail for $2.8 billion and become a wholly owned indirect subsidiary of Couche-Tard.[5] The deal included the right to use the "Statoil" brand for the stations until 30 September 2019.[6]

In September 2014, the jet fuel business of Statoil Fuel & Retail was sold to BP for an undisclosed amount.[7]

On 22 September 2015 it was announced that the "Statoil" branding would be phased out, and replaced by Circle K as part of a global rebranding scheme involving all Couche Tard-owned retailers.[8] The change will start from May 2016.

About Statoil Fuel & Retail[edit]

Statoil Fuel & Retail is a leading Scandinavian road transport fuel retailer with over 100 years of operations in the region. Statoil Fuel & Retail has a broad retail network across Scandinavia, Poland, the Baltics (Estonia, Latvia and Lithuania) and Russia which comprised 2,239 stores as of October 12, 2014, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated service-stations which offer road transportation fuel only.

Statoil Fuel & Retail's other products include stationary energy, marine fuel, aviation fuel, lubricants and chemicals. In Europe, Statoil Fuel & Retail owns and operates 12 key terminals and 38 depots in eight countries and it operates approximately 400 road tankers. Up to 2014 is also delivered aviation fuel at 85 airports in ten countries.[citation needed]

Including employees at Statoil branded franchise stations, about 17,500 people work at Statoil Fuel & Retail’s retail sites across Europe, in its corporate headquarters, its eight regional headquarters, its terminals and depots.[citation needed]

Brands and geographic presence[edit]

Statoil Fuel & Retail has a presence in eight countries (2010):[9]

Country "Statoil"
branded stations
branded stations
branded stations
Total number
of stations
 Denmark 214 71 24 309
 Estonia 46 6 - 52
 Latvia 71 6 - 77
 Lithuania 63 13 - 77[10]
 Norway 427 145 - 572
 Poland 249 48 - 297
 Russia 19 - - 19
 Sweden 682 - 123 805


  1. ^ Farberg, Andreas L. (2010-09-28). "Mr. McStatoil vil vokse seg stor i Polen". E24 (in Norwegian). Retrieved 2010-10-03. 
  2. ^ Torp, Cathrine (2010-02-03). "Statoil opens for a new ownership structure for its energy and retail business". Stavanger: Statoil ASA. Retrieved 2010-10-03. 
  3. ^ Lindbæk, Jannik (2010-09-02). "Statoil files OSE application to list Statoil Fuel & Retail ASA". Stavanger: Statoil ASA. Retrieved 2010-10-03. 
  4. ^ "The Board of Oslo Børs admits two new companies to listing". Oslo: Oslo Stock Exchange. 2010-09-29. Retrieved 2010-10-03. 
  5. ^ Koranyi, Balazs (2012-04-18). "Canada's Couche-Tard to buy Statoil Fuel for $2.8 billion". Reuters. 
  6. ^ "Statoil sells 2300 gas stations to Couche-Tard". Stavanger Aftenblad. 2012-04-18. 
  7. ^ BP buys Scandinavian jet fuel business. Reuters, 4 September 2014
  8. ^ "Couche-Tard Launches Global Circle K Brand". PR Newswire. 2015-09-22. 
  9. ^ "Statoil Fuel & Retail - Our operations". Oslo: Statoil Fuel & Retail ASA. 2010-09-02. Archived from the original on December 14, 2010. Retrieved 2010-10-22. 
  10. ^

External links[edit]

Coordinates: 59°55′48.77″N 10°42′39.07″E / 59.9302139°N 10.7108528°E / 59.9302139; 10.7108528