Hellenic Petroleum

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Overview

About:

Founded in 1998, HELLENIC PETROLEUM is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 7 countries.Refining is the Group's core business, accounting for 62% of total assets. It owns three of the four refineries in Greece, with a 65% share of the Greek wholesale oil products market. The Group has successfully completed a 5-year investment plan amounting to 3bn, including the upgrade of the Elefsina Refinery, the largest private manufacturing investment in Greece.The Group is the domestic ground fuels marketing leader, through its fully-owned subsidiaries EKO and Hellenic Fuels (former BP Hellas). The two companies comprise a retail network of some 1,700 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses.HELLENIC PETROLEUM is a leading player in SE European markets. The Group owns the sole refinery in Skopje (FYROM) and through its network of c.280 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria and Montenegro.The Group's portfolio includes exploration assets in Egypt, Greece and Montenegro with current activities focused on the concessions of West Obayed in Western Desert of Egypt and Mesaha in Upper Egypt, in each of which the Group owns a 30% stake.

Sector: Oil & Energy

Website: http://www.helpe.gr/en/

Year Established: 1998