Hellenic Petroleum
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Native name | Ελληνικά Πετρέλαια Ανώνυμη Εταιρεία |
|---|---|
Romanized name | Elliniká Petrélaia Anonymi Etairia |
| Type | Public Anonymi Etairia |
| Athex: ELPE | |
| Industry | Energy industry |
| Founded | 1958 as Public Petroleum Corporation |
| Headquarters | , |
Area served | SE Europe |
Key people | (CEO) Yannis Papathanasiou (Chairman) [1] |
| Products | Oil and Gas Exploration Natural Gas Trading and Transportation Oil Refining Petrochemicals Electricity Generation |
| Services | Fuel Stations, planes, Ships |
| Revenue |  €7.994 billion (2017[2]) |
| €661.78 million (2017[3]) | |
| €383.92 million (2017[4]) | |
| Total assets |  €7.160 billion (2017[5]) |
| Total equity | €2.371 billion (2017[6]) |
| Owner | Paneuropean Oil and Industrial Holdings (45.5%)[7] Hellenic Republic Asset Development Fund (35.5%) |
Number of employees | 3,409 (2017[8]) |
| Subsidiaries | EKO ABEE |
| Website | Official website |
| Footnotes / references in a consolidated basis[9] | |
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. (Greek: DEP), as the result of a corporate reorganization. It is a consortium of 6 subsidiaries and a number of additional companies of which it has varying degrees of management control.
Activities[]
Refineries and gas stations[]
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). Also owns OKTA facilities in Skopje, Republic of North Macedonia for transportation and marketing of petroleum products. Crude oil for the refineries is supplied from Saudi Arabia, Iraq, Iran, Libya and Russia. The company also operates over 1700 gas stations in Greece under the BP and EKO brands, and about 300 gas stations in Serbia, Bulgaria, Cyprus, Montenegro and the Republic of North Macedonia. It also has a network which sells LPG, jet fuel, naval fuels and lubricants.
Petrochemicals[]
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.
Electricity[]
Hellenic Petroleum operates a 390 MW natural gas power station in Thessaloniki. It opened in 2005 and it is operated through a subsidiary, T-Power. The fixed investment for this plant amounted to 250 million Euros.
Oil exploration[]
The Group has established partnerships with leading companies in the sector, been awarded exploration and production rights for hydrocarbons in a portfolio of areas in Western Greece, both offshore and onshore in various development steps.
Other[]
Hellenic Petroleum subsidiaries include the engineering company Asprofos and the polypropylene film production company, DIAXON, whose factory is situated in the industrial area of Komotini. The company also controls two shipping companies and has 35% shares in DEPA, the Greek natural gas company, and VPI, which produces PET resin.
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Ownership[]
The company is transitioning from a government-owned enterprise to a privately held enterprise. 21.8% of its shares are available to the public through a float on the Athens Stock Exchange, with the Greek government retaining 35.5% and Paneuropean Oil and Industrial Holdings S.A. (a Latsis family holding company) owning the remaining 45.5% of outstanding shares.[10]
The chairman of the board of directors is Mr. Yannis Papathanasiou and the Chief Executive Officer of the company is Mr. Andreas Shiamishis.
See also[]
References[]
- ^ "Ο Γιάννης Παπαθανασίου νέος πρόεδρος των ΕΛΠΕ".
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf
- ^ "HELLENIC PETROLEUM S.A. : Shareholders Board Members Managers and Company Profile | GRS298343005 | MarketScreener". Retrieved 20 February 2018.
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf
- ^ https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual%20Financial%20Report%202016UPDATED_1.pdf
- ^ "Shareholders Structure". Hellenic Petroleum. 31 December 2008. Retrieved 2009-10-25.
External links[]
- Official website—(in Greek)
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- Oil and gas companies of Greece
- Electric power companies of Greece
- Companies listed on the Athens Exchange
- Privatization in Greece
- Companies based in Athens
- Energy companies established in 1958
- Non-renewable resource companies established in 1958
- Greek brands
- Greek companies established in 1958