Statoil Fuel & Retail

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Statoil Fuel & Retail
Wholly owned subsidiary
Industry Petroleum, Retail
Fate Merged with Circle K
Successor Circle K
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)
Website www.statoilfuelretail.com
Statoil in Lithuania

Statoil Fuel & Retail was 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 was completed in the end of 2016.

In 2016, Couche-Tard - the owner of Statoil Fuel & Retail - decided to merge Circle K and Statoil Fuel & Retail into the Circle K brand.[9][10]

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):[11]

Country "Statoil"
branded stations
"Statoil"
branded stations after merge with Alimentation Couche-Tard
"1-2-3"
branded stations
Ingo
branded stations
Total number
of "Statoil" stations before merger
Remark
 Denmark 214 (Merged in ?) 0 71 24 309 Manager: FUCHS PETROLUB SE from 2015[12]
 Estonia 46 (Merged in 2017) 0 6 - 52 Manager: FUCHS PETROLUB SE from 2015[13]
 Latvia 74 (Merged from 2017 till 2018) 0 5 - 79 Manager: FUCHS PETROLUB SE from 2015[14]
 Lithuania 63 (Merged from 2017 till 2018) 0 13 - 77[15] Manager: FUCHS PETROLUB SE from 2015[16]
 Norway 427 (Merged fom 2015 till 2016) 1(data from April 6, 2017) 145 - 572 Manager: FUCHS PETROLUB SE from 2015[17]
 Poland 249 (Merged in ? ) 0 48 - 297
 Russia 19 (Isn't merged yet) 19 - - 19
 Sweden 682 (Merged fom 2015 till 2016) 0 - 123 805 Manager: FUCHS PETROLUB SE from 2015[18]

References[edit]

  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. ^ "Europe | Couche-Tard". Couche-Tard. Retrieved 2017-06-07. 
  10. ^ Danmark, Circle K. "[Danish] Statoil er blevet til Circle K". www.circlek.dk. Retrieved 2017-06-07. 
  11. ^ "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. 
  12. ^ http://www.24hgold.com/francais/article-compagnie-or-argent-fuchs-acquires-statoil-fuel--retail-lubricants-from-couche-tard.aspx?articleid=1492852
  13. ^ http://www.24hgold.com/francais/article-compagnie-or-argent-fuchs-acquires-statoil-fuel--retail-lubricants-from-couche-tard.aspx?articleid=1492852
  14. ^ http://www.24hgold.com/francais/article-compagnie-or-argent-fuchs-acquires-statoil-fuel--retail-lubricants-from-couche-tard.aspx?articleid=1492852
  15. ^ http://vz.lt/sektoriai/prekyba/2015/09/22/statoil-degalines-keicia-pavadinima
  16. ^ http://www.24hgold.com/francais/article-compagnie-or-argent-fuchs-acquires-statoil-fuel--retail-lubricants-from-couche-tard.aspx?articleid=1492852
  17. ^ http://www.24hgold.com/francais/article-compagnie-or-argent-fuchs-acquires-statoil-fuel--retail-lubricants-from-couche-tard.aspx?articleid=1492852
  18. ^ http://www.24hgold.com/francais/article-compagnie-or-argent-fuchs-acquires-statoil-fuel--retail-lubricants-from-couche-tard.aspx?articleid=1492852

External links[edit]

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