At least two petrol stations that have worked under the Trest brand so far will soon open their doors under “Shell“brand.
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Readers of “Delfi” have noticed such changes in “Trest” filling stations on Maskavas Street and Kārļa Ulmaņa gatve.
Changes in the ownership structure of the company took place in February this year, when the owner of the gas station SIA “Trest Oil” fell into the hands of a company registered in Cyprus. However, Shell’s representatives have not yet confirmed their commitment to the company, the conclusion of a franchise agreement or any other form of cooperation to Delfi.
Trest Oil’s management promised to provide information in the near future.
The petrol tank in Kārļa Ulmaņa gatve has been owned by the company SIA “Trest Oil” since 2003, according to the land register information. According to Lursoft, the company has been owned by the Cypriot company Olmax Invest Limited since February this year, although Andrejs Maksimovs and Oleg Chernikovs, the current owners of Trest Oil, continue to serve on the company’s board.
This year, the Cypriot company has acquired other companies: SIA “Millenium”, SIA “MP5 Rīga”, SIA “BFRP Finance”, SIA “BFRP Nafta” and SIA “Baltic Fuel Retail Partners”.
From the data of “Lursoft” it can be concluded that “Olmax Invest Limited” registered in Cyprus is related to another company “WT Oil Holding Limited” registered in this country, which has been operating in Latvia since 2010 as Freeport of Riga owner of SIA “Woodison Terminal” and “VL Bunkerings” located in the territory.
The fact that two commercial pledges in the amount of EUR 650,000 each were registered in June this year, seizing the shares of Millenium owned by Olmax and Woodison Terminal owned by WT Oil Holding, suggests the connection between the two offshore units.
Shell is one of the world’s largest companies in the extraction, refining and marketing of oil and gas.
The company operated in the Latvian fuel retail market until 2002, when it left Latvia, but its filling stations were taken over by Statoil.
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