uncategorized · 7/18/2012

Neste Oil's diesel line 4 at Porvoo back on-stream after maintenance

Neste Oil Corporation
Stock Exchange Release
18 July 2012 at 9:00 a.m. (EET)

Neste Oil's diesel line 4 at Porvoo back on-stream after maintenance

Maintenance work on diesel production line 4 at Neste Oil's Porvoo refinery has been completed and the line has been brought back on-stream ahead of schedule. The line was down for planned and unplanned maintenance for most of the second quarter.

Production outages at the Porvoo refinery, together with a major turnaround at the Naantali refinery, reduced Oil Products' additional margin over the Neste Oil reference refining margin, and resulted in this being only slightly positive during the second quarter.

As previously announced, maintenance work originally scheduled for the fall was carried out during the outage at Porvoo this summer, and the next planned maintenance turnaround on production line 4 remains scheduled for the first half of 2013.

Neste Oil's guidance for its overall 2012 result remains unchanged: Oil Products' full-year comparable operating profit is expected to improve compared to 2011, assuming that Neste Oil's reference refining margin remains at last year's level.

Neste Oil Corporation

Hanna Maula
Director, Corporate Communications

Further information:
Ilkka Salonen, CFO, tel. +358 10 458 4490

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world's leading supplier of renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world's most sustainable corporations for a number of years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: