North European Oil Trade Oy
North European Oil Trade Oy (NEOT) exercises wholesale trade in liquid fuels. The company is owned by SOK (51 %) and St1 Oy (49 %). NEOT employs abt 60 professionals of fuels supply and logistics industries.
The goal of NEOT is to buy liquid fuels for its partners at the best cost-efficient price possible and thus ensure the relative competitive strength of the customer chains in the markets.
The vision of NEOT is to be the most innovative and cost-efficient supply company of traditional and future fuel solutions.
NEOT is the most significant independent company in liquid fuels supply in the Baltic Sea region and it actively operates in the global trading markets. In addition, NEOT offers high-quality logistics and terminal services for third parties.
In 2011, the turnover of NEOT was 3,5 billion euro and it handled approximately 3 000 000 m3 of oil products, the main bulk of which were delivered to the Finnish markets.