- 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 ingasoline 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 gasolinefilling 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 byPhaeton 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 byYukos ). [http://www.sptimes.ru/index.php?action_id=100&story_id=10631] The company also has acquired theRzhevka Airport after itsbankruptcy . [http://www.sptimes.ru/index.php?action_id=2&story_id=16758]Director Generals
*
September 13 1994 –German Makarov
*November 21 1995 –Alexander Kozlov
*January 29 1997 – Vladimir Smirnov
*July 1 1998 –Vyacheslav Shalin
*June 1 1999 –Vadim Glazkov
*July1999 –Vyacheslav Shalin Chairpersons of the Board of Directors
*
September 13 1994 –Dmitry Filippov
*September 30 1996 –Vladimir Kalashov
*June 30 1997 –Andrei Stepanov
*December 28 1999 – Vladimir Smirnov
*June 30 2001 –Vadim Glazkov
*November 30 2004 –Yury Antonov hareholder structure
(as of Juanuary 2007)
*
Petersburg City Bank - 75.9%
*Promtrade Ltd. - 21.9%
* City Property Committee of theSaint 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 13 1994 . The company was organized by the City Property Management Committee ofSaint Petersburg City Administration , Property Management Committee ofLeningrad 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 itscharter capital and officially registered onSeptember 21 , 1994.On
January 20 1995 , the Company and theSaint 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 MayorVladimir 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 itsfilling station s network.On
March 22 1996 ,Ziya Bazhayev was appointed Vice-President of the company.OnJune 4 1996 the company agreed to cooperate withYUKOS until 2000.In September1996 the company for the first time bought 20 thousand tons ofcrude oil to process it on theKirishinefteorgsintez 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 13 1998 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 ofGennady Seleznyov , Speaker of theState Duma . [http://www.kommersant.com/p398799/r_1/New_Repartition_/] OnFebruary 16 1999 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 1999St. 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 underValery 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 theTambov 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 theFaeton Gasoline Company , second largest gasoline retailer in the city, had complained to both Gryzlov and the Prosecutor General's Office in April that theSaint 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 companySurgutneftegaz , its supplier of gasoline, and thatGazprom 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.