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The Warsaw Voice » Business » October 24, 2002
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Statoil Buys Preem Gas Stations
October 24, 2002 By A.R.    
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Norway's Statoil will take over a network of gas stations currently run by Preem of Sweden, thus increasing its total number of stations in Poland to more than 200.

In mid-October, Statoil and Preem Petroleum AB signed an agreement on the purchase of Preem Polska Sp. z o.o., under which Statoil Polska will take over 79 Preem stations. The transaction is conditional on consent from the Polish authorities.

"The takeover of Preem Polska confirms that Statoil is determined to stay at the forefront of foreign corporations investing in the Polish fuel sector, effectively competing in the fuel retail market," said Olav Fjell, president and director-general of Statoil at a press conference Oct. 15.

Statoil has been in Poland since 1992. Since then, it has invested almost $300 million in the Polish market, becoming one of the leaders among foreign fuel companies operating in Poland. The Statoil Polska gas station network currently numbers 128 outlets in 80 cities nationwide. The company has built this network from scratch, constructing modern facilities on previously purchased land. By the end of this year, the corporation's network will include 140 stations.
Fuel offered at Statoil stations comes from both Polish refineries and imports—roughly fifty-fifty. In addition to fuel, Statoil Polska sells engine oils and lubricants produced by the corporation. The company is also active in the wholesale of gasoline, diesel fuel and heating oil. For several years, the company has offered liquefied petroleum gas (LPG), in both retail and wholesale. Last year, Statoil started deliveries to the Polish market of light heating oil, becoming the leader in this market segment among foreign companies.

Statoil, the largest producer of oil in the North Sea, has operated the Troll gas platform off Norway, the world's largest maritime installation, for several years. Natural gas extracted there is transported via pipelines to mainland Europe. In September 2001, Statoil signed a long-term contract with the Polish government under which Polska will buy 74 billion cubic meters of Norwegian gas over 16 years, beginning 2008. At the moment, as part of a "small contract," Norway exports to Poland 500 million cu m of gas annually.

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