Oil Refiner Reports Major IT Incident in Finland

Neste Oyj, Finland’s biggest oil refiner and maker of renewable fuels, said it’s experiencing extensive failures in multiple IT systems which are affecting its refinery’s production.

The issue is impacting terminals in Finland and the Baltics and causing delays in product distribution, the Espoo, Finland-based company said on Monday.

“We are investigating the failure with our service provider. The refinery is somewhat affected but it is operating,” spokeswoman Paivi Kivila said.

It’s not yet clear whether the cause is a malfunction or a cyberattack, spokeswoman Susanna Sieppi said earlier when the news broke, adding that the issue is under investigation.

Neste shares were down as much as 5% on the news.

Earlier on Monday, Finnish government communications were hit by extensive disruptions, causing issues including a delay in publishing statistical releases. The fault has now been fixed, the government’s IT center said.

Source: bloomberg