uncategorized · 4/30/2015

Neste begins to collect port fees at the Naantali refinery harbor itself

Neste Oil Corporation
Press release
April 30, 2015 at 1:00 p.m.

Neste begins to collect port fees at the Naantali refinery harbor itself

Neste Oil and the City of Naantali failed to reach consensus on their dispute concerning port fees by the end of April.   Neste's view is that following amended legislation, the City is no longer entitled to collect port fees from Neste for operations which are wholly independently carried out by Neste at its own cost at the harbor built by the refinery. As of the beginning of May, Neste will collect port fees from vessels visiting the Naantali refinery harbor in the same way as has always been the practice at the company's Porvoo refinery harbor.

"There is no longer a statutory basis for port fees collected by the city. The City of Naantali previously had the right to collect port fees under public law. The harbor monopoly of municipalities was discontinued as early as 1994, and the reform of the Local Government Act of 2013 obliged municipalities and cities to privatize harbors by the beginning of this year at the latest. The City of Naantali's harbor operations are also now run by a company named Naantalin Satama Oy," says Minna Haapala, Vice President, Logistics, Neste Oil.

Neste has annually paid approximately EUR 2.5 million of port fees to the City of Naantali in recent years. The resolution of the port fee dispute will probably continue in a court of law.

Neste Oil Corporation

Kaisa Lipponen
Director of Corporate Communications

More information:

Elina Herrala, Director, Harbors and Terminals, tel.: +358 50 458 6007
Matias Koivu, Legal Counsel, Logistics, tel.: +358 50 458 4699

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company specializing in high-quality fuels for cleaner traffic. The company produces all of the most important oil products and is the world's leading supplier of diesels made of renewable raw materials. In 2014, the company's net sales stood at EUR 15 billion, and it employs some 5,000 people. Neste Oil shares are listed on the NASDAQ Helsinki.

Neste Oil has been accepted into the Dow Jones Sustainability World Index. The company has also been on the Global 100 list of sustainable companies for several years in succession. CDP Forest has selected Neste Oil as one of the best companies taking care of their forest footprint in the oil and gas