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Neste Oy
Neste Oyj (international name: Neste Corporation; former names Neste Oil Corporation and Fortum Oil and Gas Oy; ) is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries. Neste shares are listed on the Nasdaq Helsinki. As of 2022, the Prime Minister's Office of Finland is the largest shareholder in the company, owning 35.91% of shares. In 2021, Neste was the third largest company in Finland in terms of revenue. The name "Neste" means "liquid" in Finnish. History 1948–1997 (Neste) Neste was founded in 1948 as the State petrol company of Finland with the purpose to ensure the availability of refined fuels in Finland. The company's headquarters was established in Espoo. In 1955, Uolevi Raade became the company's CEO. In 1957, the first oil refinery in Finland was built at Naantali using US technology ...
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Espoo
Espoo (, ; ) is a city in Finland. It is located to the west of the capital, Helsinki, in southern Uusimaa. The population is approximately . It is the most populous Municipalities of Finland, municipality in Finland. Espoo is part of the Helsinki Metropolitan Area, which has approximately  million inhabitants. Espoo is on the northern shore of the Gulf of Finland and borders Helsinki, Vantaa, Kirkkonummi, Vihti and Nurmijärvi. The city includes the Enclave and exclave, enclave of Kauniainen. Espoo covers an area of . Espoo is a bilingual municipality with Finnish language, Finnish and Swedish language, Swedish as its official languages. The population consists of Finnish speakers, Swedish speakers, and speakers of other languages, well above the national average. Espoo was settled in the Prehistory, Prehistoric Era, with evidence of human settlements dating back 8,000 years. However, the population disappeared during the early Iron Age. During the Middle Ages, Early Mi ...
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Naantali
Naantali (; ) is a municipalities of Finland, town in Southwest Finland, and, as a resort town during the summer, an important centre of tourism in the country. The municipality has a population of (), and is located west of Turku. The town has a land area of . Most of this area is located on the islands, but the majority of the population lives on the mainland. Most of the islands are covered with forest and farmland, while the mainland consists chiefly of residential areas. History One of the oldest towns in Finland, Naantali was founded around the medieval Brigittine convent ''Nådendal Abbey, Vallis gratiae'' (or Nådendal Abbey), the church of which still dominates its skyline. The charter was signed by King Christopher of Bavaria, the then ruler of Finland, in 1443. The convent got trading rights and other privileges, and the town around it began to grow. It also became an important destination for pilgrimage. In the 16th century, as Catholicism reformation in Sweden, ...
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List Of Countries By Oil Imports
This is a list of countries by oil imports based on ''The World Factbook'' and other sources. Many countries also export oil, and some export more oil than they import. See also * List of countries by oil exports This is a list of oil-producing countries by Petroleum, oil exports based on data for 2022 by CEIC.' Oil in this list refers to base crude oil only, and not refined petroleum products such as gasoline, diesel and airplane fuel. In 2022, Petrole ... * List of countries by net oil exports References {{DEFAULTSORT:Oil Imports Energy-related lists by country *Imports Trade by commodity List of countries by oil imports Lists of countries Import International trade-related lists ...
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1970s Energy Crisis
The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when, respectively, the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports. The crisis began to unfold as petroleum production in the United States and some other parts of the world peaked in the late 1960s and early 1970s. World oil production per capita began a long-term decline after 1979. The oil crises prompted the first shift towards energy-saving (in particular, fossil fuel-saving) technologies. The major industrial centers of the world were forced to contend with escalating issues related to petroleum supply. Western countries relied on the resources of countries in the Middle East and other parts of the world. The crisis led to stagnan ...
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Kai Hietarinta
Kai Harri Hietarinta (; born 25 November 1932) is a Finnish businessman and ice hockey executive. His lengthy career in the petroleum industry as executive vice president of Neste involved him in Finland's international trade policy, and importing Soviet oil to reduce the trade surplus. Becoming the Finnish Ice Hockey Association president to resolve disputes, he used business connections to gain an advantage in international ice hockey. During his presidency, Finland increased its number of indoor ice rinks as hockey grew in popularity, and won its first international medals in men's, women's and junior hockey. He was also a Finnish Olympic Committee and International Ice Hockey Federation member, and was inducted into both the Finnish Hockey Hall of Fame and the IIHF Hall of Fame. Early life and education Kai Harri Hietarinta was born on 25 November 1932, in Helsinki, Finland. He graduated from the Hanken School of Economics in 1950, then attended Helsinki University of Techn ...
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Foreign Trade Of The Soviet Union
Soviet foreign trade played only a minor role in the Soviet economy. In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could draw upon a large energy and raw material base, and because it historically had pursued a policy of self-sufficiency. Other foreign economic activity included economic aid programs, which primarily benefited the less developed Council for Mutual Economic Assistance (COMECON) countries of Cuba, Mongolia, and Vietnam.Text used in this cited section originally came fromSoviet Union Country Studyfrom the Library of Congress Country Studies project. The Soviet Union conducted the bulk of its foreign economic activities with communist countries, particularly those of Eastern Europe. In 1988, Soviet trade with socialist countries amounted to 62 percent of total Soviet foreign trade. Between 1965 and 1988, trade with the Third World made up a steady ...
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Jaakko Ihamuotila
Jaakko Ihamuotila (15 November 1939 – 13 October 2023) was a Finnish business executive known for his senior roles in some of Finland's largest corporations, including as the CEO of Valmet and long-serving President and Chairman of Neste. He has been described as one of the most influential business leaders of his time in Finland. Early life and education Jaakko Ihamuotila was born as the second of four children to Veikko Ihamuotila, an agriculture sector influencer and ex- Minister of Agriculture and Forestry, and his wife Anna-Liisa. Ihamuotila studied engineering at the Helsinki University of Technology, graduating in 1964 with a '' Diplomi-insinööri'' (MSc in Technology) degree in physics. He has said he was inspired already as a teenager to go into technology, by the opening of the world's first full-scale nuclear power plant for electricity generation, Calder Hall (now part of Sellafield), in the UK in 1956. Career Ihamuotila's early career included research and eng ...
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Keilaniemi
Keilaniemi (; ; ) is a district in the south-eastern part of Espoo, Finland. Geography Keilaniemi is bordered by the university district of Otaniemi to the north, the commercial/residential district of Tapiola to the west, the Keilalahti bay separating Espoo and Helsinki to the east, and the Gulf of Finland to the south. The distance from Keilaniemi to the centre of Helsinki along the Länsiväylä highway is about 8 km. There are numerous islands and islets in Keilaniemi, including Fröknarna and Leppäluoto. Offices Keilaniemi is a Tower block, high-rise business district mostly known for the numerous head offices of large corporations located there. The district includes the head offices of Tieto (in land Tieto Keilalahti Campus, formerly occupied by Nokia), Microsoft Finland, Kone, Fortum, Neste Oil, Valmet, and many smaller corporations such as Rovio Entertainment. The large office buildings serve as landmarks in the area. Keilaniemi rose to the position of a corporat ...
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Skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise buildings. Skyscrapers may host offices, hotels, residential spaces, and retail spaces. One common feature of skyscrapers is having a steel frame that supports curtain walls. These curtain walls either bear on the framework below or are suspended from the framework above, rather than resting on load-bearing walls of conventional construction. Some early skyscrapers have a steel frame that enables the construction of load-bearing walls taller than those made of reinforced concrete. Modern skyscraper walls are not load-bearing, and most skyscrapers are characterized by large surface areas of windows made possible by steel frames and curtain walls. However, skyscrapers can have curtain walls that mimic conventional walls with a small surfa ...
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Oil Crisis Of 1973
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long-term effects on the gl ...
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Kesko
Kesko Corporation (, ) is a Finnish retailing conglomerate with its head office in Kalasatama, Helsinki. It is engaged in the grocery trade, building and technical trade, and car trade. It also has operations in Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, and Poland. History Kesko was formed when four regional wholesaling companies that had been founded by retailers were merged in October 1940. The new Kesko company started operating at the beginning of 1941. The need to purchase goods for the shareholder-retailers and to support their business operations and start cooperation among them resulted in the forming of the K-retailer group. By the end of the 1940s, Kesko's sales amounted to about 15 billion old Finnish markkas (equivalent to EUR 580 million in 2010), which was about 12% of the overall sales of the central companies operating in the Finnish trading sector. Divisions Grocery trade Kesko's grocery trade division is a key operator in the Finnish grocer ...
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North Sea
The North Sea lies between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. A sea on the European continental shelf, it connects to the Atlantic Ocean through the English Channel in the south and the Norwegian Sea in the north. It is more than long and wide, covering . It hosts key north European shipping lanes and is a major fishery. The coast is a popular destination for recreation and tourism in bordering countries, and a rich source of energy resources, including wind energy, wind and wave power. The North Sea has featured prominently in geopolitical and military affairs, particularly in Northern Europe, from the Middle Ages to the modern era. It was also important globally through the power northern Europeans projected worldwide during much of the Middle Ages and into the modern era. The North Sea was the centre of the Viking Age, Vikings' rise. The Hanseatic League, the Dutch Golden Age, Dutch Republic, and Kingdom of Great Britain, Brita ...
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