21

EMPLOYEES

12,360

SEK MILLION, NET SALES

HIGHLIGHTS 2021/2022

BEST FINANCIAL RESULT EVER

Stena Oil has had the most successful year in its 40-year history. In the wake of Russia's invasion of Ukraine, the oil market has been extremely volatile in the latter half of the fiscal year. Despite the very challenging market conditions, Stena Oil has been able to manage its price risk and product sourcing well, which has contributed to the excellent financial result.

PROGRESS IN THE CONSTRUCTION OF THE NEW TERMINAL IN DENMARK

The construction of Stena Oil's new terminal in Frederikshavn, Denmark, is delayed but significant progress has been made during the year. The new terminal is scheduled to be commissioned during 2023. With 300 meters of its own quay, a capacity of 75,000 cubic meters, and the ability to handle all qualities of marine fuels, the terminal will be the largest of its kind in Scandinavia.

CONTINUED PARTNERSHIP WITH EMSA

The assignment for the European Maritime Safety Agency (EMSA) oil spill response actions has been extended during the year. Through its cooperation with EMSA, Stena Oil is committed to provide, at short notice, vessels and equipment to battle oil spills at sea in Scandinavian waters and in the southern parts of the Baltic Sea.

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