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  • Glossary

Crude oil and fossil feedstock procurement

The majority of the crude oil used by Neste Oil comes from Russia. Russian crude is generally cheaper than Brent crude from the North Sea and can be shipped highly efficiently to Neste Oil’s refineries at Porvoo and Naantali from the Primorsk terminal on the Gulf of Finland.

The proportion of Russian crude purchased during 2013 was at the same level as in 2012 and stood at 81% (82%) for the year as a whole. 72% (72%) of all the fossil feedstocks used at Neste Oil’s refineries in 2013 were sourced from Russia.

Neste Oil is continuing efforts aimed at increasing its flexibility in using different types of crude and will continue to optimize crude usage in line with market developments.