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2009-08-01T09:45:22Z

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Irlandos at 14:38, July 31, 2009

2009-07-31T14:38:02Z

Irlandos at 14:37, July 31, 2009

2009-07-31T14:37:09Z

Irlandos: New page: '''Hellenic Petroleum S.A.''' is the largest oil refining company in Greece and with its roots dating to 1958 with the establishment of the first oil refinery in Greece ([[Aspropyr...

2009-07-31T14:36:02Z

New page: '''Hellenic Petroleum S.A.''' is the largest oil refining company in Greece and with its roots dating to 1958 with the establishment of the first oil refinery in Greece ([[Aspropyr...

New page

'''Hellenic Petroleum S.A.''' is the largest oil refining company in [[Greece]] 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.

==Activities==
===Refineries and gas stations===
Hellenic Petroleum operates three refineries in Greece, in [[Thessaloniki]], [[Elefsina]] and [[Aspropyrgos]], which account for 73% of the refining capacity of the country (the remaining 27% belongs to [[Motor Oil Hellas]]), and one in the FYR 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 FYR of 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===
With law 2289/95, Hellenic Petroleum holds the exclusive rights for exploration and production of hydrocarbons in 62000 km² in Greece. The company is also active abroad, in cooperation with foreign companies, in Albania and Libya.

===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 a shipping company and has 35% shares in [[DEPA]], the Greek natural gas company, and VPI, which produces PET resin.

==Ownership==
The company is transitioning from a government-owned enterprise to a privately-held enterprise. 30.19% of its shares are available to the public through a float on the Athens Stock Exchange, with the Greek government retaining 35.49% and Paneuropean Oil and Industrial Holdings S.A. owning the remaining 34.32% of outstanding shares.

The Chairman of the Board of Directors is [[Dimitrios Melissanidis]], and the Chief Executive Officer of the company is Panos Cavoulacos, who also serves on the board of directors. The [[Latsis family]] has a controlling stake in Hellenic Petroleum and in 2007 increased its position.

==See also==
* [[OKTA]]
* [[Aspropyrgos Refinery]]

==External links==
*[http://www.hellenic-petroleum.gr Hellenic Petroleum Web Site]
*[http://www.hellenic-petroleum.gr/Uploads/resource/CEO%20SPEACH%20AEGEAN_MARKETPLACE_EN.pdf Hellenic Petroleum: Story of Transformation and Growth]
*[http://www.hellenic-petroleum.gr/online/generic.aspx?nid=92&mid=51 Investments in Low-Sulphur fuel production in Thessaloniki]

{{Credit wikipedia}}

[[Category:Companies]]

← Older revision		Revision as of 09:45, August 1, 2009
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← Older revision		Revision as of 14:38, July 31, 2009
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−	'''Hellenic Petroleum S.A.''' is the largest oil refining company in [[Greece]] and with its roots dating to [[1958]] with the establishment of the first oil refinery in Greece ([[Aspropyrgos]]).	+	'''Hellenic Petroleum S.A.''' ([[Greek language\|Greek]] Ελληνικά Πετρέλαια) is the largest oil refining company in [[Greece]] 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.		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.

← Older revision		Revision as of 14:37, July 31, 2009
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	{{Credit wikipedia}}		{{Credit wikipedia}}

−	[[Category:Companies]]	+	[[Category:Publicly Traded Companies]]

Hellenic Petroleum SA - Revision history

Irlandos: /* External links */

Irlandos at 14:38, July 31, 2009

Irlandos at 14:37, July 31, 2009

Irlandos: New page: '''Hellenic Petroleum S.A.''' is the largest oil refining company in Greece and with its roots dating to 1958 with the establishment of the first oil refinery in Greece ([[Aspropyr...