GREECE
HELLENIC PETROLEUM S.A.
Member: Gold
Since: 04.11.2011
Since: 04.11.2011
Energy for life
8A, Chimarras Street, GR-151 25 Maroussi, Athens, Greece
Corporate
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 in 9 countries. In 2010, the Group's total revenues amounted to EUR 8.5 bn and reported net income reached EUR 180 m.
HELLENIC PETROLEUM's key shareholders are Paneuropean Oil and Industrial Holdings S.A. (41.8%) and the Greek State (35.5%), with the free float split between institutional (15.4%) and private (7.3%) investors. Its shares are primarily listed in the Athens Exchange.
Refining is the Group's core business, accounting for over 70% of total assets. HELLENIC PETROLEUM owns three of the four refineries in Greece, with 65% share of the Greek wholesale oil products market.
The Group is in the domestic marketing a business leader, through its fully-owned subsidiaries EKO and Hellenic Fuels (former BP Hellas). EKO’s activities comprise a retail network of some 1,100 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses. The acquisition of BP's ground fuels business activities in Greece further enhanced the Group's domestic position in marketing. The deal included BP's nationwide network of 1,100 branded service stations, storage facilities of 170,000m3, as well as the commercial and industrial supply business.
HELLENIC PETROLEUM holds a leading position in SE European and East Mediterranean markets. The Group owns the sole refinery in Skopje (FYROM) and is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro, FYROM, Albania and Bosnia, via a network with EKO's brand name on more than 300 retail fuel stations.
HELLENIC PETROLEUM owns exploration rights in Egypt, Greece and Montenegro, while it participates in exploration activities on the concessions of West Obayed in Western Desert of Egypt and Mesaha in Upper Egypt.
HELLENIC PETROLEUM owns the sole integrated petrochemicals production unit in Greece. Domestic market share exceeds 50%, while exports account for more than 60% of sales. Key products are polypropylene, BOPP film, PVC, solvents and inorganics.
HELLENIC PETROLEUM has entered into a strategic alliance with Italy’s EDISON in the field of power production and trading. Two CCGT plants of 810 MW total capacity, are in full operation in Thisvi and Thessaloniki. The joint venture targets a power generation portfolio of 1,500-2,000 MW.
Moreover, HELLENIC PETROLEUM is active in renewable energy generation, through its subsidiary HELLENIC PETROLEUM Renewable Sources S.A., with a portfolio of over 30MW of capacity, in various development stages.
HELLENIC PETROLEUM owns a 35% stake in Greece's incumbent gas company, DEPA, which is the main natural gas importer and wholesale supplier in the country.
HELLENIC PETROLEUM is also active in the development projects of key oil & gas transit pipelines. More specifically, the Group participates at Trans-Balkan Pipeline BV, the developer an operator of the Burgas - Alexandroupolis crude pipeline, and through DEPA, in the development of the Italy - Greece - Turkey (ITGI), Greece - Bulgaria (IGB) and South Stream natural gas pipelines.
In addition, the Group will be completing, by the end of 2011, the modernisation and upgrading of the Elefsina refinery, the largest industrial investment in Greece, amounted EUR 1.2 bn. The project will provide multiple benefits to the environment, the employment and national economy.
HELLENIC PETROLEUM's key shareholders are Paneuropean Oil and Industrial Holdings S.A. (41.8%) and the Greek State (35.5%), with the free float split between institutional (15.4%) and private (7.3%) investors. Its shares are primarily listed in the Athens Exchange.
Refining is the Group's core business, accounting for over 70% of total assets. HELLENIC PETROLEUM owns three of the four refineries in Greece, with 65% share of the Greek wholesale oil products market.
The Group is in the domestic marketing a business leader, through its fully-owned subsidiaries EKO and Hellenic Fuels (former BP Hellas). EKO’s activities comprise a retail network of some 1,100 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses. The acquisition of BP's ground fuels business activities in Greece further enhanced the Group's domestic position in marketing. The deal included BP's nationwide network of 1,100 branded service stations, storage facilities of 170,000m3, as well as the commercial and industrial supply business.
HELLENIC PETROLEUM holds a leading position in SE European and East Mediterranean markets. The Group owns the sole refinery in Skopje (FYROM) and is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro, FYROM, Albania and Bosnia, via a network with EKO's brand name on more than 300 retail fuel stations.
HELLENIC PETROLEUM owns exploration rights in Egypt, Greece and Montenegro, while it participates in exploration activities on the concessions of West Obayed in Western Desert of Egypt and Mesaha in Upper Egypt.
HELLENIC PETROLEUM owns the sole integrated petrochemicals production unit in Greece. Domestic market share exceeds 50%, while exports account for more than 60% of sales. Key products are polypropylene, BOPP film, PVC, solvents and inorganics.
HELLENIC PETROLEUM has entered into a strategic alliance with Italy’s EDISON in the field of power production and trading. Two CCGT plants of 810 MW total capacity, are in full operation in Thisvi and Thessaloniki. The joint venture targets a power generation portfolio of 1,500-2,000 MW.
Moreover, HELLENIC PETROLEUM is active in renewable energy generation, through its subsidiary HELLENIC PETROLEUM Renewable Sources S.A., with a portfolio of over 30MW of capacity, in various development stages.
HELLENIC PETROLEUM owns a 35% stake in Greece's incumbent gas company, DEPA, which is the main natural gas importer and wholesale supplier in the country.
HELLENIC PETROLEUM is also active in the development projects of key oil & gas transit pipelines. More specifically, the Group participates at Trans-Balkan Pipeline BV, the developer an operator of the Burgas - Alexandroupolis crude pipeline, and through DEPA, in the development of the Italy - Greece - Turkey (ITGI), Greece - Bulgaria (IGB) and South Stream natural gas pipelines.
In addition, the Group will be completing, by the end of 2011, the modernisation and upgrading of the Elefsina refinery, the largest industrial investment in Greece, amounted EUR 1.2 bn. The project will provide multiple benefits to the environment, the employment and national economy.
