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Magn

Faroese oil and energy company operating a nationwide network of fuel stations and home-heating services.

Last updated September 28, 2026

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Overview

Magn is a Faroese oil and energy company headquartered in Saltangará, Faroe Islands. It operates a network of fuel stations across the archipelago and supplies petroleum products, vehicle goods, and related energy services to households and businesses. Its official website lists station locations in Sandur, Við Streymin, Vestmanna, Trongisvágur, Miðvágur, Gøtudalur, Vágur, Tórshavn (Frælsið and Ringvegurin), Klaksvík, and Saltangará, indicating a broad national footprint. The company's core business is the retail and distribution of fuels. Its stations offer diesel, unleaded 95 petrol, and an E10 petrol blend, with an ongoing nationwide conversion to E10 while diesel remains unchanged. Magn also provides marine fuel through boat pumps located around the country, and it issues the Magnkort (Magn Card), a free payment card accepted at all Magn stations for faster and more accurate transactions. Beyond fuel retail, Magn serves homeowners with heating oil services. These include oil tank supply, fixed automatic refilling to avoid running empty, annual inspection and servicing of oil burners and boilers, and advice on saving energy. The company markets these services under the slogan of providing energy for every need. Magn's operations are deeply tied to the Faroese market, where it functions as a key energy supplier. Its website emphasizes convenience, reliability, and customer service, including 24-hour opening at selected stations such as the one in Saltangará. The company's branding and communications are in Faroese, reflecting its local identity. Ownership, founding date, and corporate structure are not specified in the available evidence. The company is described by Wikidata as a Faroese oil and energy company, and its active status is confirmed by its current website and service offerings.

History

The available evidence does not provide a detailed corporate history of Magn, including its founding date or early development. The company is identified as a Faroese oil and energy company, and its current operations are documented on its official website. As of early 2026, Magn is actively converting its fuel stations to offer E10 petrol, while continuing to supply diesel and unleaded 95. It operates stations in multiple locations across the Faroe Islands and provides home heating services, marine fuel, and a proprietary payment card. The company's history likely reflects the broader development of the Faroese fuel retail market, but specific milestones are not available in the provided sources.

  • Magn station in Saltangará begins 24-hour opening.

  • Nationwide conversion to E10 petrol is underway.

Products and positioning

A local, full-service energy provider for Faroese households and businesses, emphasizing convenience, reliability, and nationwide coverage.

  • Diesel

    Diesel fuel available at Magn stations, unchanged during the E10 transition.

  • Unleaded 95

    Unleaded 95 petrol available at Magn stations.

  • E10

    E10 petrol blend being rolled out across Magn stations.

  • Heating oil services

    Supply of heating oil, fixed automatic refilling, annual inspection and servicing of oil burners and boilers.

  • Boat pumps

    Seven boat pumps located around the country for marine fuel.

  • Magnkort

    Free payment card usable at all Magn stations for faster and more accurate transactions.

  • Car goods and car wash

    Car-related products and car wash services at Magn stations.

Sources2 sources

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