Petersburg Fuel Company
| Industry | Oil |
|---|---|
| Founded | 1994 |
| Headquarters | Saint Petersburg, Russia |
| Website | www |
The Petersburg Fuel Company (PTK, in Russian: Петербургская топливная компания, ПТК) is a joint stock company of Saint Petersburg, Russia, specializing mostly in gasoline refining, storage, transportation and retailing, founded in September 1994, after a fuel supply crisis had hit the city hard. Until 2001, when it became an open joint stock holding, the company had been a closed joint stock company.
As of July 2002, it was the leading gasoline retail operator in Saint Petersburg and run 94 out of 270 gasoline filling stations in the city and several stations in the neighboring regions. As of Summer 2003 it had 69 stations and 28 percent of sales followed by Phaeton Gasoline Company with 36 stations and a 14-percent market share. According to its website, it currently (February 2008) has 84 stations in St Petersburg and 111 elsewhere in Russia, including 10 in Moscow (of which at least 4 were formerly supplied by Yukos). The company also has acquired the Rzhevka Airport after its bankruptcy.
The first board of directors and managing committee of the company were elected on September 13, 1994. The company was organized by the City Property Management Committee of Saint Petersburg City Administration, Property Management Committee of Leningrad Oblast Administration, Baltic Sea Steamship Company, Northwestern Steamship Company, Oktyabrskaya Railway Directorate, Saint Petersburg Seaport, Vladimir Putin signed a decree granting the company a virtual monopoly over retail gasoline sales in the city, including supply to the huge fleet of city ambulances, cop cars, buses and taxis. The company began to develop its filling stations network.
On March 22, 1996, Ziya Bazhayev was appointed Vice-President of the company. On June 4, 1996 the company agreed to cooperate with YUKOS until 2000. In September 1996 the company for the first time bought 20 thousand tons of crude oil to process it on the Kirishinefteorgsintez refinery.
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Wikipedia