NEOT Group

NEOT Group specializes in oil and bioproducts wholesale and in the Nordic countries we supply annually roughly 6 billion liters of fuels to large service station chains St1, ABC and Shell. Hundreds of thousands Finnish homes and companies are heated by oil delivered by NEOT. In addition, we supply significant fuel amounts to be used in seagoing vessels and in the aviation industry.

NEOT is the significant fuel supply company in the Baltic Sea region

NEOT is a significant independent fuel supply company in the Baltic Sea region and operates actively on the global trading market. Our vision is to become the most innovative and cost-efficient fuel solutions supply company.

Our turnover in 2022 was approximately 9.1 billion EUR. NEOT is owned by SOK and St1 Nordic Oy. The purpose of our operations is to provide our owners with competitive and sustainable fuel solutions and secure competitiveness of their supply chains.

NEOT Oy | Finland

Volumes 2022: 2.52 billion liters
Market shares 2022: ABC & St1: Petrol 60.4%, Diesel 36.3% (source: St1 Integrated Report 2022)
Number of terminals operated by NEOT: 6

NEOT Ab | Sweden

Volumes 2022: 1.77 billion liters
Market shares 2022: St1: Petrol 20.4%, Diesel 15.9% (source: St1 Integrated Report 2022)

NEOT As | Norway

Volumes 2022: 2.09 billion liters
Market shares 2022: St1: Petrol 16.7%, Diesel 17.6% (source: St1 Integrated Report 2022)

Supply by countries 2021

NEOT Oy Finland
NEOT Ab Sweden
NEOT As Norway

NEOT in a nutshell

OWNERS

The parent company NEOT Oy is owned by SOK (51%) and St1 Nordic Oy (49%)

TURNOVER

NEOT Group’s turnover in 2022 was 9.1 billion EUR.

PRODUCTS

We handle annually roughly 6 billion liters of fuels.

SERVICE NETWORK

Over 1,700 service stations and hundreds of thousands of homes and companies.

ROAD TRANSPORT

Our haulier partners’ around 120 tank trucks and 300 drivers take care of our road transportation in Finland.

KILOMETRES

Our road transportations cover annually about 13 million kilometers.

Company structure

NEOT Group operates in the Nordics

North European Oil Trade (NEOT) is owned by SOK (51%) and St1 Nordic (49%). NEOT Oy operates in Finland and owns NEOT AB (Sweden) and NEOT AS (Norway). Together NEOT Oy, NEOT AB ja NEOT AS form NEOT Group.

NEOT AB (Sweden) and NEOT AS (Norway) do not have employees and they are operated by NEOT Oy staff in Finland. NEOT Oy employs around 50 people in Helsinki Kamppi.

NEOT Spirit

NEOT Spirit reflects what kind of company we want to be and what we value.
It forms the basis for the way we operate.