Hellenic Petroleum
 |
|
| S.A | |
| Traded as | : : |
| Industry | Energy industry |
| Founded | 1958 |
| Headquarters | Athens, Greece |
|
Area served
|
SE Europe |
|
Key people
|
Eystathios Tsotsoros (Chairman) Griogorios Stergioulis (CEO) |
| Products |
Oil and Gas Exploration Natural Gas Trading and Transportation Oil Refining Petrochemicals Electricity Generation |
| Services | Fuel Stations, planes, ships |
| Revenue |
 €7.303 billion (2015) |
 €245.2 million (2015) |
|
| Profit |
€46.7 million (2015) |
| Total assets |
€8.029 billion (2015) |
| Total equity |
€1.684 billion (2015) |
| Owner |
Paneuropean Oil and Industrial Holdings (42.7%) Government of Greece (35.5%) |
| Subsidiaries | BP Hellas EKO Eteka |
| Website | Official website |
|
Footnotes / references in a consolidated basis |
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Hellenic Petroleum S.A. is one of the largest oil companies in the Balkans and with its roots dating to 1958 with the establishment of the first oil refinery in Greece (Aspropyrgos).
It adopted its current name in 1998, changing from the Public Petroleum Corporation S.A. (DEP), as the result of a corporate reorganization. It is a consortium of 9 subsidiaries and a number of additional companies of which it has varying degrees of management control.
Hellenic Petroleum operates three refineries in Greece, in Thessaloniki, Elefsina and Aspropyrgos, which account for 57% of the refining capacity of the country (the remaining 43% belongs to Motor Oil Hellas), and one in Skopje, Former Yugoslav Republic of Macedonia, the OKTA refinery, which is supplied by crude oil through pipelines from Thessaloniki and covers approximately 85% of the country's needs. Crude oil for the refineries is supplied from Saudi Arabia, Iraq, Iran, Libya and Russia. The company also operates over 1400 gas stations in Greece and about 350 gas stations in Albania, Georgia, Serbia, Bulgaria, Cyprus, Montenegro and the Former Yugoslav Republic of Macedonia. It also has a network which sells LPG, jet fuel, naval fuels and lubricants.
Being the most important company that produces petrochemicals in Greece, Hellenic Petroleum has a very significant (over 50% in most cases) share of the market. Their basic products are plastics, PVC and polypropylene, aliphatic solvents and inorganic chemicals, such as chlorine and sodium hydroxide. The petrochemicals department is a part of the Thessaloniki refinery.
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Wikipedia