Tatneft completed the acquisition of fuel retail business in Russia from Neste.

Tatneft, a integrated oil and gas company from Russia, completed the acquisition of the fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region from Neste Corporation. Financial terms were not disclosed. An agreement on the sale by Neste Corporation of its Russian fuel retail business consisting of 75 fuel stations in North-West Russia and a terminal in Saint Petersburg to PJSC Tatneft was signed in July of 2019. The transaction was approved by the Russian competition authorities on 4 October and closed on 31 October 2019. "The acquisition of Neste's retail business in North-Western Russia, which is one of the highest priority regions for Tatneft, is a significant contribution to the achievement of our strategic goals, including the marketing of approximately 50% of our own produced fuels domestically." Nail Maganov, Tatneft General Director.