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 2017, Group Adjusted EBITDA amounted to €834m, on total revenues of €8bn. Its 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.1,700 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses.
HELPE is a leading player in SE European markets. The Group owns OKTA facilities in Skopje (FYROM) for transportation and marketing of 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 exploration and production activities are focused in Greece. HELPE has been awarded E&P rights as Operator (50%) in Patraikos Gulf, offshore Western Greece together with Edison and has a 25% interest in the Sea of Thrace Concession, in a consortium with Calfrac (75%); it has also been awarded E&P rights (25%) in Block 2, in a JV with TOTAL and Edison, as well as for two onshore blocks in Western Greece “Arta- Preveza” and “NW Peloponnese” (100% operator).
It has also been declared as the Selected Applicant for “Block 10”, in the Kyparissiakos Gulf and has submitted offers for the offshore “Block 1” North of Corfu, two offshore blocks in South Crete (JV with Total and ExxonMobil) and an offshore block in Ionian Sea (JV with Repsol).
HELPE 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. 70% of sales.
It 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, with growing presence in the electricity supply business. Moreover, it has recently entered the field of renewable energy sources with a portfolio of 17 MW in operation and over 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.
The Group is implementing a notable number of CSR activities, focusing mainly on supporting youth and vulnerable groups.
For more information please visit: www.helpe.gr