JUGOPETROL A.D. is the largest petroleum products company in Montenegro. It was first established in 1947, in Kotor, under the name JUGOPETROL A.D. KOTOR. In October 2002, 54.53% of the company acquired by HELLENIC PETROLEUM Group through HELLENIC PETROLEUM INTERNATIONAL GmbH. In December 2014, the company moved its headquarters to Podgorica, the capital of Montenegro, and was renamed JUGOPETROL A.D.

JUGOPETROL A.D. is listed in the Montenegro Stock Exchange. Its activities include the retail and wholesale trade of petroleum products and lubricants under the EKO brand, the distribution and storage, as well as the exploration and production of hydrocarbons in two offshore concessions in the Adriatic Sea.

The company operates:

  • Τhe country’s biggest installation in Bar with a total capacity of 128,000 m3
  • Α network of 42 EKO branded service stations, the largest network in the country, offering the widest geographical coverage. The EKO retail network offers EuroDiesel, Unleaded 95 and 98, using the EKONOMY Diesel and 95 brand
  • EKO branded supply facilities in 3 harbors and 2 airports, in Podgorica and Tivat, and the greatest privately-owned fleet of tank-trucks in the country


The Board of Directors


Panagiotis Loukas

CEO (Non BoD Member)Vasileios Panagopoulos
MembersMaria Patsalides
Charikleia Vardakari
Ioannis Dimarakis (Independent Member)
Antonios Kelesis (Independent Member)
Tripko Krgovic (Independent Member)
Dejan Bajic (Independent Member)



Stanka Dragojevica bb
81000 Podgorica, Montenegro
Tel: +382 20 401 800, +382 20 401 801
Εmail: jpk@jugopetrol.co.me