Oy Teboil Ab is an oil company in Finland, engaged in the marketing, sales and distribution of oil and energy products, and service station activities in Finland. It is a subsidiary of the Russian company Lukoil.
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Teboil was established by Estonian shale oil company Eesti Kiviõli in Helsinki in 1934 at the name Trustivapaa Bensiini (meaning: "Trust-free Petrol"), abbr. TB, from which came the current name in 1966.[1][2][3] Another predecessor of Teboil, Suomen Petrooli, was established by German investors in Vyborg in 1932.[2] During the World War II, the ownership of Trustivapaa Bensiini was transferred to German owners and later the company was held by the Ehrnrooth's family.[1][4] After the Continuation War, in 1947 according to the Paris Peace Treaty TB became affiliated and it became the property of the Soviet Union state-owned company Soyuznefteexport.[5] In 1966, the company changed its name to Teboil, which came from the pronouncing of its abbreviation TB with addition 'oil'.[2] During these years, the Finnish government enterprise Neste held a legal monopoly in the wholesale of oil products, thus also Teboil actually obtained its gasoline and diesel from Neste.
In 1994 Soyuznefteexport was privatized and reorganized into Nafta-Moskva. In 2005, Nafta-Moskva sold Teboil to Lukoil.[5][6] Teboil acquired JET unmanned stations chain in Finland, from the American company ConocoPhillips in 2006 and they were integrated into the Teboil chain as Teboil Express unmanned stations in 2007. The lubricant factory and laboratory functions of Teboil was moved to the subsidiary LLK Finland, founded in 2007. The three subsidiaries, Suomen Petrooli, Suomen Tähtihovit and Suomen Tähtiautomaatit were merged to the parent company in 2008.
At the end of year 2007 there were 354 business locations, of which 168 service stations, 180 unmanned refuelling stations and 6 boat stations. The renewal of the service station concept launched in 2008 enables the use of K-Plussa cards and brings K-markets into about 70 Teboil stations. The range of café and restaurant services will be improved by around 100 Rolls and Jokes hamburger units. The brand Autoasi ("Of Your Car") works in the car maintenance and spare parts services of Teboil Service Centres. Commercial traffic is served by around 400 refuelling stations, of which about 214 are unmanned diesel points.
Teboil is the second-largest oil company in Finland with a 26,2 %. The revenue was €1.7 billion and the number of employees of 520.
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