Petersburg Fuel Company

Petersburg Fuel Company

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 there and several stations in the neighboring regions. [http://se2.isn.ch/serviceengine/FileContent?serviceID=RESSpecNet&fileid=084077CB-475C-023E-5664-602FE1D1CEF9&lng=en] 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. [http://www.ptk.ru/s/12/?tk=true&frompage=corp] 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). [http://www.sptimes.ru/index.php?action_id=100&story_id=10631] The company also has acquired the Rzhevka Airport after its bankruptcy. [http://www.sptimes.ru/index.php?action_id=2&story_id=16758]

Director Generals

*September 131994German Makarov
*November 211995Alexander Kozlov
*January 291997Vladimir Smirnov
*July 11998Vyacheslav Shalin
*June 11999Vadim Glazkov
*July1999Vyacheslav Shalin

Chairpersons of the Board of Directors

*September 131994Dmitry Filippov
*September 301996Vladimir Kalashov
*June 301997Andrei Stepanov
*December 281999Vladimir Smirnov
*June 302001Vadim Glazkov
*November 302004Yury Antonov

hareholder structure

(as of Juanuary 2007)

* Petersburg City Bank - 75.9%
* Promtrade Ltd. - 21.9%
* City Property Committee of the Saint Petersburg City Administration - 1.6%
* VITA-X JSC - 0.6%

History

The first board of directors and managing committee of the company were elected on September 131994. 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, Pulkovo Aviation Enterprise, Bank Rossiya, Rus Insurance Company, Eurosib Saint Petersburg and 11 other organizations with equal 4.76% shares of its charter capital and officially registered on September 21, 1994.

On January 201995, the Company and the Saint Petersburg City Administration signed an agreement under which the company undertook to supply city industry. [http://www.ptk.ru/s/2/240/full.html] Later on the city's behalf Vice Mayor 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. [http://www.cdi.org/russia/johnson/5411.html] The company began to develop its filling stations network.

On March 221996, Ziya Bazhayev was appointed Vice-President of the company.On June 41996 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.

In 1998 - 1999 Vladimir Barsukov (Kumarin), reportedly the leader of the powerful Tambov Gang, was a member of the board of directors of the company and its vice president. [http://www.sptimes.ru/index.php?action_id=2&story_id=11164] , [http://www.sptimes.ru/index.php?action_id=2&story_id=7347] , [http://www.jamestown.org/publications_details.php?volume_id=24&issue_id=2084&article_id=18648]

On October 131998 President of the Company Dmitry Filippov died from wounds three days after the explosion of a radio-controlled mine. [http://www.jamestown.org/publications_details.php?volume_id=24&issue_id=2084&article_id=18648] , [http://www.themoscowtimes.com/stories/1998/10/15/011.html] In 1996 he took part in the elections for the position of St. Petersburg governor, and as of 1998 was an authorized delegate of Gennady Seleznyov, Speaker of the State Duma. [http://www.kommersant.com/p398799/r_1/New_Repartition_/] On February 161999 Yury Shutov, a deputy in St. Petersburg Legislative Assembly and a prominent businessman, was arrested on charges of having organized this and other contract murders. [http://www.jamestown.org/print_friendly.php?volume_id=22&issue_id=1484&article_id=15078]

Andrei Stepanov, in turn, unsuccessfully took part as a contender in the 1999 St. Petersburg Legislative Assembly election. [http://se2.isn.ch/serviceengine/FileContent?serviceID=RESSpecNet&fileid=FE8F056E-960B-1166-C6A1-99A17A7C0828&lng=en] The company's president Yuri Antonov served as vice-governor of Saint Petersburg from 1997 till 2002.

In 2001 the company was restructured in an open joint stock holding, and the City Property Committee of the Saint Petersburg City Administration under Valery Nazarov lost 13.2 out of its 14.5% share as a result. [http://www.dpgazeta.ru/article/38066]

In August 2001 Interior Minister Boris Gryzlov claimed that the company as well as up to 100 other industrial enterprises in Saint Petersburg are controlled by the Tambov Gang. [http://www.sptimes.ru/index.php?action_id=2&story_id=12173] , [http://www.jamestown.org/print_friendly.php?volume_id=24&issue_id=2082&article_id=18637]

In May 2002 Gryzlov sent a commission to St. Petersburg to investigate corruption allegations in the city's gasoline market. The investigation was started after the Faeton Gasoline Company, second largest gasoline retailer in the city, had complained to both Gryzlov and the Prosecutor General's Office in April that the Saint Petersburg City Administration gave preferences to the Petersburg Fuel Company. [http://www.sptimes.ru/index.php?action_id=2&story_id=7254] However, this had no evident consequences.

In August 2006, the company's president Yuri Antonov announced that the company would like to sell its stations to the oil company Surgutneftegaz, its supplier of gasoline, and that Gazprom and Surgutneftegaz might build a storage and distribution terminal near St. Petersburg on a 7 km² site owned by the Petersburg Fuel Company. [http://www.sptimes.ru/index.php?action_id=2&story_id=18476] , [http://www.sptimes.ru/index.php?action_id=2&story_id=18434]

References and notes

External links

* [http://www.ptk.ru Official site] (in Russian)
* [http://www.stockmap.ru/company/7071/0/ PTK] (in Russian)


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Saint Petersburg — Leningrad redirects here. For other uses, see Leningrad (disambiguation). This article is about the city in Russia. For other uses, see Saint Petersburg (disambiguation). Saint Petersburg Санкт Петербург (Russian)   Federal …   Wikipedia

  • Economy of Saint Petersburg — industries, and many other businesses.10% of the world s power turbines are made here at the LMZ, which built over two thousand turbines for power plants across the world. Major local industries are Admiralty Shipyard, Baltic Shipyard, LOMO,… …   Wikipedia

  • Hyundai Motor Company — Hyeondae Jadongcha Jushik hwesa 현대 자동차 주식회사 Type Public Traded as KRX: 005380 …   Wikipedia

  • Carron Company — The Carron Company was an ironworks established in 1759 on the banks of the River Carron near Falkirk, in Stirlingshire, Scotland. After initial problems, the company was at the forefront of the Industrial Revolution in the United Kingdom. The… …   Wikipedia

  • Tambov Gang — The Tambov Gang (in Russian: Тамбовская преступная группировка) is a large gang of Saint Petersburg, Russia. According to common allegations, it was organized in St. Petersburg in 1988 by two men from Tambov Oblast, Vladimir Kumarin and Valery… …   Wikipedia

  • Boris Gryzlov — Infobox Politician name=Boris Vyacheslavovich Gryzlov nationality=Russian caption= office=Chairman of the State Duma term start=29 December, 2003 predecessor=Gennady Seleznyov office2=Chairman of the Supreme Council of United Russia term… …   Wikipedia

  • Vladimir Kumarin — is a Russian businessman, former vice president of the Petersburg Fuel Company (PTK) in 1998 1999, and allegedly the boss of the powerful Tambov Gang of St. Petersburg. Juergen Roth s book Die Gangster aus dem Osten or Gangsters From the East,… …   Wikipedia

  • Surgutneftegas — JSC Surgutneftegas (MICEX|SNGS RTS|SNGS) is a major oil and gas joint stock company of Russia that united several previously state owned enterprises with large oil and gas reserves in Western Siberia in 1993 after the collapse of the Soviet Union …   Wikipedia

  • Vladimir Alexeyevich Smirnov — (in Russian: Владимир Алексеевич Смирнов, b. 1957 in Pskov) is a prominent Russian businessman, former Director General of the Petersburg Fuel Company (1997 1998), former Chairman of the Board of Directors of the Petersburg Fuel Company (1999… …   Wikipedia

  • Tram — A tram, tramcar, trolley, trolley car, or streetcar is a railborne vehicle, of lighter weight and construction than a train, designed for the transport of passengers (and, very occasionally, freight) within, close to, or between villages, towns… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”