Helenic Petroleum (HELPE)

Hellenic Petroleum is a dynamic Group with solid foundations, holding a leading position in the Greek energy sector as well as in the greater area of Southeast Europe.

The Group’s range of activities includes:
•Supply, Refining and Trading of petroleum products, both in Greece and abroad

•Fuels Marketing, both in Greece and abroad

•Petrochemicals/Chemicals Production and Trading

•Oil & Gas Exploration and Production

•Power Generation & Trading

•Renewable Energy Sources

•Provision of Consulting and Engineering services to hydrocarbon related projects.

•Participation in the transportation of crude oil and products (pipe-lines, sea transportation)

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 new refinery has a significant impact on the Group’s profitability, while accruing multiple benefits for the environment, the employment and the national economy. The refining sector is the Group’s core activity, accounting for approximately 62% of the capital employed.

In Greece, the Group owns three out of the four refineries operating in the country, holding approximately 65% of the Greek oil products wholesale market. It also owns the sole refinery in Skopje, FYROM. The Group’s domestic refineries in Aspropyrgos, Elefsina and Thessaloniki cover approximately 65% of the country’s total refining capacity, with a composite Nelson complexity index of 9.3. Their location (coastal refineries) and high complexity give them the competitive advantage of easy access to and processing of all types of crude oil that are available in the region. Furthermore, the logistics infrastructure offers a storage capacity of 7 million m3 for crude and derived products.

Click here to go to HELPE's website.