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 six countries. Its shares are primarily listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock exchange (LSE: HLPD).

In 2016, Group Adjusted EBITDA amounted to €731m, on total revenues of €6.7bn. Hellenic Petroleum’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (45.5%) and the Hellenic Republic Asset Development Fund (35.5%), with the remaining held by institutional (11%) and private (8%) investors.

Refining is the Group’s core business, accounting for 75% of total assets. It owns three of the four refineries in Greece, of total capacity of 340 kbpd, with a 65% share of the Greek wholesale oil products market.

The Group is the domestic ground fuels marketing leader, with a retail network of c.1,740 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 OKTA facilities in Skopje (FYROM) for transportation and marketing petroleum products and through its network of 300 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro and FYROM.

The Group’s portfolio includes exploration and production rights in Greece. HELLENIC PETROLEUM is acting as an operator (50% stake) for an international joint venture with Italian EDISON in the offshore area of West Patraikos Gulf in West Greece and owns exploration and production rights of hydrocarbons in a consortium with Calfrac Well Services Ltd (75%) in the Thracian Sea Concession area.

In addition, HELLENIC PETROLEUM was selected as the preferred bidder for the lease of Arta-Preveza and NW Peloponnese areas (for which the Lease Agreement has been signed), Kyparissiakos Gulf, as well as for an offshore area in Ionian Sea (block 2), as party in a JV with Total and EDISON.

Hellenic Petroleum is the sole petrochemicals producer in Greece, mainly active in the propylene- polypropylene value chain. Domestic market shares exceed 50%, while exports, mainly in Turkey and other Mediterranean countries account for more than 60% of sales.

HellenIC Petroleum is also active in the power and gas sectors. Power generation and trading activities are carried out through Elpedison, a JV with EDISON, which owns and operates two CCGT plants in Greece, one 390MW plant in Thessaloniki and a 420MW plant in Thisvi. Moreover, HELLENIC PETROLEUM recently entered the field of renewable energy sources with a portfolio exceeding 200MW in various development stages.

The Group is present in the natural gas sector through its 35% stake in DEPA, Greece’s incumbent gas company and the main natural gas importer and wholesale supplier in the country. DEPA fully owns DESFA, Greece’s natural gas grid owner and operator, and 51% of each of the local distribution (EDAs) and supply companies (EPAs).

The Group is implementing a notable number of CSR activities, focusing mainly on supporting youth and vulnerable groups.


The Group

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(1) All companies 100% owned unless otherwise noted.
(2) 45% owned through HPI.