Future Downstream

London | February 2021

Founded in 1998, Hellenic Petroleum is one of the leading energy groups in South East Europe, with activities 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), while its two bond issues are listed on the Luxemburg Stock Exchange.

Refining is the Group’s core business, accounting for 75% of total assets, owning 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 petrol stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses. It also owns a network of over 300 petrol stations in Cyprus, Serbia, Bulgaria, Montenegro and FYROM.

The Group’s E&P activities are focused in Greece in various offshore and onshore areas mainly in Western Greece and west of Crete. Hellenic Petroleum is the sole petrochemicals producer in Greece with domestic market share exceeding 50% and exports c. 65% of sales. It is also active in the power sector through ELPEDISON, in renewables as well as in natural gas through 35% participation in DEPA Group.

Company website: