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Member: Gold
Since: 03.11.2008

8A, Chimarras Street, GR-151 25 Maroussi, Athens, Greece


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 6 countries.

In 2019, Group Adjusted EBITDA amounted to €572m, on total revenues of €8.9bn.

Refining is the Group’s core business, accounting for 75% of total assets. It owns three of the four refineries in Greece, of 344 kbpd total capacity, with a 60% share of the Greek wholesale oil products market.

The Group is the domestic ground fuels marketing leader, with a retail network of c.1,700 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. Through its storage and logistics assets and network of over 300 petrol stations is one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro and Republic of North Macedonia.

The Group’s exploration and production activities are focused on Greece by developing an exploration portfolio in onshore and offshore areas, either independently or in collaboration with leading companies in the sector such as Total, ExxonMobil, Repsol 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 c. 68% of sales.

Moreover, HELLENIC PETROLEUM is active in the field of renewable energy sources with a portfolio of 26 MW in operation and approximately 1,000MW in various development stages, including a 204MW PV project, one of the 5 largest in Europe.

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, totaling 810MW and is also present in the retail electricity market.

The Group is present in the natural gas sector through its 35% stake in DEPA, which is undergoing a transformation process with the partial demerger of the infrastructure sector and the spin-off of the international business sector, while it is renamed to DEPA Commercial. International tender processes for the sale of DEPA Infrastructure as well as of HRADF’s percentage on DEPA Commercial are ongoing.

HELLENIC PETROLEUM implements a great number of Corporate Social Responsibility actions supporting the Society and the protection of the Environment. / /