Product Code Database
Oy Teboil Ab is an oil company in Finland. Teboil is engaged in the marketing, sales and distribution of petroleum products and operation of Filling station. It was founded in Helsinki in 1934. It was a subsidiary of the company Lukoil from 2005 to 2025. Teboil has also been operating in Russia since 2022.
Teboil's revenue and profit plummeted after the Russian invasion of Ukraine in 2022 because of customer boycotts. Its revenue decreased by −28,8% in 2023. In 2024, Teboil made a loss of €58.7 million and its return on equity collapsed to −94.1%. According to a reputation survey conducted by the Finnish company T-Media, Teboil was one of the most poorly reputed companies in Finland in 2024.
Another predecessor of Teboil, Suomen Petrooli, was established by German investors in Vyborg in 1932. During World War II, the ownership of Trustivapaa Bensiini was transferred to German owners and later the company was held by the Ehrnrooth family. 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.
In 1966, the company changed its name to Teboil, which came from the pronouncing of its abbreviation TB with addition 'oil'. During these years, the Finnish government enterprise Neste Oil held a legal monopoly in the wholesale of oil products, thus also Teboil actually obtained its petrol and diesel from Neste.
There is some evidence that Teboil kept tank fuel reserves, in the case the Soviets would invade. These were discontinued after the collapse of the Soviet Union.
In 1994 Soyuznefteexport was privatised and reorganised into Nafta-Moskva. In 2005, Nafta-Moskva sold Teboil to Lukoil.
On 3 March 2022, Teboil asked Finnish newspaper Kaleva not to use the term "war" when reporting on the company and the Russo-Ukrainian War and replace it with more neutral terms like conflict. In June 2025, Ukraine struck a Teboil service station in Belgorod, Russia, with an unmanned aerial vehicle, injuring four people and killing one.
In October 2025, the United States announced new sanctions targeting the Russian oil companies Lukoil and Rosneft. Lukoil owns Oy Teboil Ab. The sanctions include a one-month transition period, after which Oy Teboil Ab's payment transactions will cease.
The brand Autoasi ('Of Your Car') works in the car maintenance and spare parts services of Teboil Service Centres.
in 1957]] since 2005]]
Service station network
At the end of year 2012 there were 336 business locations, of which 141 service stations and 195 unmanned refuelling stations. Commercial traffic is served by around 450 refuelling stations, of which about 210 are unmanned diesel points.
See also
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