Petrovis
Petrovis Group is Mongolia's largest privately held petroleum conglomerate, distributing fuel through 360+ stations nationwide and serving individual consumers, fleet operators, and major mining enterprises with Euro-5 gasoline, diesel, lubricants, LPG, and convenience services.
- Company typePrivate
- Founded1997
- HeadquartersUlaanbaatar, Mongolia
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Petrovis does
Petrovis Group (Петровис Групп) is Mongolia's largest privately held petroleum products conglomerate, founded in 1997 and headquartered in Ulaanbaatar. The group operates across the full petroleum value chain through wholly owned subsidiaries: NIK LLC and Petrostar LLC handle wholesale and retail fuel distribution; Petrovis Trading serves large mining and enterprise customers; Petromatad conducts upstream oil exploration (with one discovery to date in the Matad XX field); Unigas distributes LPG; Petrovis Oil distributes Mobil, Sintec, and LukOil lubricants; and Petrotruck sells and services BEIBEN, FAW, DONGFENG, and SHACMAN heavy vehicles. The group's primary products are Euro-5 standard gasoline (AI-92, AI-95, AI-98) and diesel, sold through a network of 360+ fuel stations across all of Mongolia's provinces, supported by 11 warehouses, 334 specialized transport vehicles, and 9 accredited quality control laboratories.
The business model is asset-heavy distribution and retail, monetized through per-liter fuel margins across the station network, B2B fuel card fleet contracts (Petrovis Card, introduced 2003), prepaid fuel vouchers in MNT denominations, lubricant distribution, LPG supply, and ancillary station services including 24-hour C24 convenience stores and Petro Car Wash automated washes. Enterprise customers include major Mongolian mining operators (Oyu Tolgoi, Erdenet, Energy Resources, Erdenes Tavan Tolgoi) served under long-term supply contracts, while individual consumers access the network through retail stations and the RedPoint loyalty program. The company holds ISO 9001, 14001, and 45001 certifications and was the first in Mongolia to introduce Euro-5 standard fuel in 2016. In 2020 Petrovis entered the EV charging segment through a partnership with ABB Group and remains in a TOP-10 sector leadership position in Mongolia's national company rankings.
Petrovis firmographics
Firmographics- Name
- Petrovis
- Legal name
- Петровис Групп
- Website
- https://petrovis.mn
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Petrovis Group is Mongolia's largest privately held petroleum conglomerate, distributing fuel through 360+ stations nationwide and serving individual consumers, fleet operators, and major mining enterprises with Euro-5 gasoline, diesel, lubricants, LPG, and convenience services.
- Ownership category
- akta.pro rank
Where Petrovis is headquartered
LocationHeadquarters
- HQ city
- Ulaanbaatar
- HQ country
- Mongolia
- HQ region
- Asia
Offices3 records
Markets served
Petrovis business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Fuel Retail (Wholesale and Retail): Primary revenue stream from petroleum product distribution through 360+ fuel stations across Mongolia, serving both individual consumers and enterprise customers
- Oil and Lubricants: Distribution of Mobil (Exxon Mobil), Sintec, and LukOil branded lubricants and automotive chemicals through extensive network
- LPG (Liquefied Petroleum Gas): LPG import and distribution through Unigas subsidiary, serving restaurants, commercial establishments, industrial and residential customers
- Petrovis Card and Fuel Tokens: Corporate fuel card services and prepaid fuel tokens for B2B customers, providing inventory management and cost control solutions
- Convenience Store (C24): 24-hour convenience stores at fuel stations offering food, beverages, and automotive supplies
- Car Wash Services: Automated car wash services under Petro Car Wash brand using German Washtec technology
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Euro-5 AI-92 promotional fuel |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels5 records
Petrovis product offering
Product offeringCore offering
Petrovis Group imports, stores, transports, and retails petroleum products (Euro-5 gasoline AI-92/AI-95/AI-98, diesel, LPG), lubricants (Mobil, Sintec, LukOil), and complementary services across Mongolia through 360+ fuel stations, 11 warehouses, convenience stores, automated car washes, and corporate fuel card systems. The group also engages in oil exploration through Petromatad, heavy-duty vehicle sales via Petrotruck, and supplies fuel directly to major mining operations including Oyu Tolgoi and Erdenet.
Product overview
Petrovis Group operates as Mongolia's leading petroleum products conglomerate with a diversified portfolio of 14 subsidiaries spanning the entire fuel and energy value chain. The core offerings include fuel retail through 360+ service stations nationwide, commercial fuel card systems (Petrovis Card), prepaid fuel vouchers, and a comprehensive range of Mobil-branded lubricants and automotive chemicals. The portfolio extends to convenience retail (C24 stores), automated car wash services (Petro Car Wash), LPG distribution (Unigas), heavy vehicle sales and service (Petrotruck), and oil exploration (Petromatad). The subsidiary structure includes NIK for wholesale fuel, Petrostar for retail fuel, Petrovis Trading for mining sector supply, and Petro Oil for lubricant distribution, creating an integrated petroleum conglomerate with Euro-5 fuel standards. The company also recently entered sustainable mobility through an EV charging partnership with ABB Group.
Differentiator
Problem solved
Functional benefit
Products and services
- Fuel (Euro-5 Gasoline and Diesel) Core petroleum fuel products including Euro-5 standard gasoline (AI-92, AI-95, AI-98) and diesel sold through 360+ fuel stations nationwide across Mongolia, serving both individual consumers and enterprise customers.
- Petrovis Card Corporate fleet fuel card payment system enabling organizations to track fuel consumption, receive customized corporate discounts, and manage business fuel expenses through dedicated account management and reporting.
- Fuel Voucher Tokens
Quantifiable outcome
- Since 2004, constructed 205 new fuel stations, relocated stations, and completed comprehensive renovations on 300+ existing stations
- +2 more outcomes
Companies that use Petrovis
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Petrovis technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Petrovis partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered flagship, core and minor.
- ABB GroupflagshipPartnership to establish Mongolia's first electric vehicle (EV) fast charging station, promoting environmentally friendly technology and sustainable transportation solutions. The station was fully operational in 2020.
- Exxon MobilcoreOfficial distributor and first seller of Mobil brand lubricants and automotive chemicals in Mongolia, distributing Sintec (Russia) and LukOil products as well. Products include engine oils, transmission fluids, and automotive chemicals.
- BEIBEN TRUCKcoreOfficial distributor of BEIBEN TRUCK heavy-duty vehicles in Mongolia through Petrotrack subsidiary, including sales, spare parts, tire distribution (Triangle brand), and maintenance services.
- Washtec (Germany)coreTechnology partnership for fully automated, eco-friendly car wash equipment. Petro Car Wash facilities use German Washtec technology operational since 2015.
- RedPointcoreLoyalty program partnership offering points-based rewards system accessible at redpoint.mn for customers across Petrovis fuel stations and services.
- UNICEF MongoliaflagshipSocial responsibility partnership for child development programs, including support for the 'Ulaanbaatar Public Service Center' community project and ongoing educational initiatives.
- Ulaanbaatar Development CorporationflagshipJoint implementation of the 'Ulaanbaatar Public Service Center' project in Songikhakhkhan District, providing essential public services to ger district residents.
- Better BurgerminorQuick-service restaurant partnership at C24 convenience stores offering food items to travelers and drivers at fuel stations.
- Monis Motors (Renault)flagshipStrategic partnership for 'Mini Car' promotional campaign offering new Renault vehicles as grand prizes. Customers earn entries through fuel purchases, with monthly drawings for vehicles and fuel rewards.
- National Emergency Management Agency of MongoliaminorFuel donation support during natural disasters including drought relief (500 million MNT in 2024) and COVID-19 pandemic response including medical oxygen equipment donations.
- World Vision MongoliaflagshipLong-term partnership since 2020 supporting disaster relief efforts and community development programs including support during COVID-19 pandemic.
- Rally for RangersflagshipOngoing support since 2018 for Mongolian border ranger protection program, including motorcycle donations and fuel supply for patrol vehicles. Entering 9th year of partnership in 2026.
- Mongolian National Chamber of Commerce and IndustrycoreAnnual participation in TOP-100 company ranking and Entrepreneur awards program organized jointly with Government of Mongolia.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Petrovis competitors and assessment
Company assessmentBroad incumbents
- Sinopec Sales (Sinopec Retail): China's largest fuel retailer with tens of thousands of stations, lubricant brands, and convenience retail. Relevant as a reference point for the upper bound of national-station-network scale and integrated fuel/lubricant/convenience operating model.
- Petronas Dagangan: Downstream arm of Petronas operating Malaysia's largest fuel station and convenience retail network (Kedai Mesra). Comparable integration of fuel stations, lubricants, and convenience stores under one corporate umbrella in a single national market.
- Hindustan Petroleum Corporation: Indian public-sector downstream company with a large retail network and lubricants/lubricants marketing. Similar integrated model of retail stations, B2B fuels, lubricants, and LPG, though operating across a vastly larger and more competitive domestic market.
- Indian Oil Corporation: Largest fuel retailer in India with the country's densest network of company-owned and dealer-operated stations plus lubricants, LPG, and convenience retail. State-major scale and integrated product portfolio mirror Petrovis's strategy but at far larger absolute scale.
Direct peers
- Engen Petroleum: South African fuel retailer and lubricants marketer with the largest petroleum product network across sub-Saharan Africa. Engen's combined retail stations, lubricant distribution (via Engen Lubricants), and convenience retail share the integrated downstream model Petrovis operates in Mongolia.
- Lukoil International: Integrated Russian oil major with a global downstream retail and lubricants network. Petrovis distributes LukOil-branded lubricants in Mongolia, and the vertically integrated retail + lubricants model aligns closely with Petrovis's NIK/Petrostar/Petro Oil structure.
- Vivo Energy: Pan-African downstream fuel retailer operating Shell-branded fuel stations across more than 20 markets. Same operating playbook as Petrovis: company-operated and dealer retail network, B2B fuel cards, lubricants, and convenience stores in frontier markets.
- Puma Energy: Global downstream energy and fuel retail company operating service station networks, fuel distribution, and lubricants across frontier and emerging markets. Highly comparable business model to Petrovis: multi-country retail networks, B2B supply, lubricants, and storage infrastructure in markets with similar import-dependent fuel supply.
- SOCAR (State Oil Company of Azerbaijan): Azerbaijan's national oil company with international downstream retail expansion. State-enterprise origin plus rapid multi-country retail buildout and lubricants distribution is directly analogous to how NIK was privatized and expanded into a national network under Petrovis.
Emerging players
- Reliance BP Mobility JV: Recent joint venture between Reliance Industries and BP to build India's largest fuel retail network. A direct analog to Petrovis's earlier moves in Mongolia: a partnership leveraging international operational expertise and a national fuel card system to capture share against incumbents.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Petrovis social profiles
Digital presencePetrovis compliance and trust
Trust signalCompliance4 records
Petrovis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petrovis leadership team
Management profileNumber of profiles
Profiles1 record
Petrovis subsidiaries and ownership
Company hierarchySubsidiaries7 records
Petrovis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petrovis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petrovis
What does Petrovis do?
Petrovis Group imports, stores, transports, and retails petroleum products (Euro-5 gasoline AI-92/AI-95/AI-98, diesel, LPG), lubricants (Mobil, Sintec, LukOil), and complementary services across Mongolia through 360+ fuel stations, 11 warehouses, convenience stores, automated car washes, and corporate fuel card systems. The group also engages in oil exploration through Petromatad, heavy-duty vehicle sales via Petrotruck, and supplies fuel directly to major mining operations including Oyu Tolgoi and Erdenet.
Is Petrovis a public or private company?
Petrovis is a private company. It is classified as private equity controlled and is currently operating.
When was Petrovis founded?
Petrovis was founded in 1997. It employs 1,001 to 5,000 people.
Where is Petrovis based?
Petrovis is headquartered in Ulaanbaatar, Mongolia, in the Asia region.
How does Petrovis make money?
Six revenue lines are on record. Fuel Retail (Wholesale and Retail) is the primary driver. The others are oil and Lubricants, LPG (Liquefied Petroleum Gas), petrovis Card and Fuel Tokens, convenience Store (C24) and car Wash Services.
Who are Petrovis's main competitors?
Broad incumbents on record are Sinopec Sales (Sinopec Retail), Petronas Dagangan, Hindustan Petroleum Corporation and Indian Oil Corporation. Direct peers are Engen Petroleum, Lukoil International, Vivo Energy, Puma Energy and SOCAR (State Oil Company of Azerbaijan). Reliance BP Mobility JV is listed as an emerging player.
Does Petrovis have an API?
No public API is recorded for Petrovis.