Oilead commenced its activities in 2012 and became one of the most successful Lithuanian companies in developing the business of oil products. The company sells the oil products both in Lithuania and in the international market. The company also controls the Lithoil oil products terminal in Marijampolė and exports the oil products to other states of the European Union.
Oilead is part of ICOR, which is one of the largest groups of companies in Lithuania.
The direct trade partners of Oilead include Orlen Lietuva, Neste, BelOil, Gazprom Neft and other Russian and Kazakhstan oil product processing and marketing enterprises.
Oilead was awarded with the title of Gazelle 2016, which states that the company is ranked among the most successful and fastest-growing businesses in Lithuania.