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Petrolina (company)
Petrolina (Holdings) Public Limited is the largest Cypriot oil company dealing in a wide range of petroleum operations. It is based in Larnaca. As of 2017, it had a nationwide retail network of 100 gas stations. It supplies and markets motor, industrial, domestic, marine and aviation fuels. History Petrolina was established in 1959 by Nikos, Takis, Kallis, Kikis and Nakis Lefkaritis. It was the first Cypriot oil company. Petrolina went public in December 2000 listing on the Cyprus Stock Exchange. In 2003, the company bought out Total Aviation with its two storage tanks in Vasilikos and started the process of moving its fuel terminals from Larnaca to Vasilikos (the process should be completed in 2021). In 2018, the turnover was €394.2 mln (up from €391.5 mln in 2017) and after-tax profits rose from €4.2 mln in 2017 to €4.3 mln. The company’s founder Kikis Lefkaritis died on November 30, 2020. See also * Cyprus Stock Exchange References {{Reflist Non-renewable ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Larnaca
Larnaca, also spelled Larnaka, is a city on the southeast coast of Cyprus and the capital of the Larnaca District, district of the same name. With a district population of 155.000 in 2021, it is the third largest city in the country after Nicosia and Limassol. Built on the ruins of Kition, Citium, the Ancient Greece, Ancient Greek city-state best known as the birthplace of stoicism, Stoic philosopher Zeno of Citium, Larnaca is home to the Church of Saint Lazarus, Larnaca, Church of Saint Lazarus, Hala Sultan Tekke, Kamares Aqueduct, Larnaca Castle, Larnaca District Archaeological Museum, and Pierides Museum. It attracts many visitors to its beaches, as well as Finikoudes (Φοινικούδες; Greek for "palm trees"), its signature seafront promenade lined with palm trees. It gives its name to the country's primary airport, Larnaca International Airport, which is situated in the neighbouring village of Dromolaxia rather than Larnaca proper. It also has a seaport and a marina. ...
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Cyprus
Cyprus (), officially the Republic of Cyprus, is an island country in the eastern Mediterranean Sea. Situated in West Asia, its cultural identity and geopolitical orientation are overwhelmingly Southeast European. Cyprus is the List of islands in the Mediterranean, third largest and third most populous island in the Mediterranean, after Sicily and Sardinia. It is located southeast of Greece, south of Turkey, west of Syria and Lebanon, northwest of Israel and Palestine, and north of Egypt. Its capital and largest city is Nicosia. Cyprus hosts the British Overseas Territories, British military bases Akrotiri and Dhekelia, whilst the northeast portion of the island is ''de facto'' governed by the self-declared Northern Cyprus, Turkish Republic of Northern Cyprus, which is separated from the Republic of Cyprus by the United Nations Buffer Zone in Cyprus, United Nations Buffer Zone. Cyprus was first settled by hunter-gatherers around 13,000 years ago, with farming communities em ...
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Oil And Gas Industry
The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world's energy consum ...
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Petrolina Service Station
Petrolina is a municipality located in the southernmost point of the state of Pernambuco, in Northeast Brazil, in the valley of the São Francisco River. The population was 354,317 in 2020, and the total area is  km2, making it the largest municipality in the state by area. The municipality is closely integrated with Juazeiro, Bahia, located on the opposite bank of the São Francisco. Etymology Formerly called (), there is no single story explaining the origin of the name Petrolina. One theory is that the name was in tribute of Brazilian emperor Pedro I and his consort Leopoldina, while another asserts that Petrolina was named for a 'beautiful rock' () found on the banks of the São Francisco. History The growth of Petrolina and its twin city Juazeiro in the late 20th century is the result of the construction of the Sobradinho Dam and the abundant availability of water for irrigation in these otherwise semi-arid soils. The region is perhaps the only one in the interi ...
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Cyprus Mail
The ''Cyprus Mail'' is the only English-language daily newspaper published in Cyprus. Established in 1945, it is published every day except Monday, and most of the local articles are available on its website. History With the demise of the '' Cyprus Times'' in 1960, the ''Cyprus Mail'' remained the only English-language newspaper in Cyprus until the establishment of the '' Cyprus Weekly'' in 1979. Despite claiming to take an independent political position and to have no local political affiliations, it is widely regarded as a politically conservative and right-leaning publication. In its early years, the ''Cyprus Mail'' was the main rival to the ''Cyprus Times'', another English-language newspaper founded in Cyprus during the period of British rule. At that time, the ''Cyprus Mail'' was seen as more right-wing than the left-leaning ''Cyprus Times'', especially in its tendency to oppose the unification of Cyprus with Greece. Due to this, it was disliked by Greek-Cypriots and ...
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Cyprus Stock Exchange
The Cyprus Stock Exchange or CSE (, is a stock exchange located in Cyprus. It is a public-sector entity under the direct control of the Cypriot government. History CSE was established under the Cyprus Securities and Stock Exchange Law which provides for the development of the securities market in Cyprus and for the establishment and operation of the Cyprus Stock Exchange. It was passed by the House of Representatives in April 1993. Operations began on March 29 1996. In 2006, it launched a common platform with the Athens Stock Exchange. The exchange is a member of the Federation of Euro-Asian Stock Exchanges. Operations The exchange allows private or public companies to list their bonds on the Emerging Companies Market (ECM) and for public companies to list their shares on the ECM. In both cases (listing of shares or bonds) the exchange will also provide the ISIN code and have the prices beamed through Bloomberg and Reuters terminals as both are official financial data vendors ...
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Financial Mirror
The ''Financial Mirror'' is an independent weekly business newspaper in Cyprus. Established in 1993, it is published every Saturday and complies with the Interior Ministry's Press and Information Office regulations for media, with a website and social media presence. The main paper is published in English, with sections in the past in Greek and Russian. It is printed on salmon-pink newsprint in tabloid format. It used to publish a supplement in Greek (called Chrima & Agora, ''Xρήμα & Aγορά''), as well as a standalone weekly sister publication in Greek up to 2003 (OIKONOMIKI). The newspaper has survived and witnessed key events in the recent political and economic history of Cyprus, including the stock exchange boom and bust in 1999–2001, EU accession The European Union (EU) has expanded a number of times throughout its history by way of the accession of new member states to the Union. To join the EU, a state needs to fulfil economic and political conditions cal ...
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Non-renewable Resource Companies Established In 1959
A non-renewable resource (also called a finite resource) is a natural resource that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption. An example is carbon-based fossil fuels. The original organic matter, with the aid of heat and pressure, becomes a fuel such as oil or gas. Earth minerals and metal ores, fossil fuels (coal, petroleum, natural gas) and groundwater in certain aquifers are all considered non-renewable resources, though individual Chemical element, elements are always conserved (except in nuclear reactions, nuclear decay or atmospheric escape). Conversely, resources such as timber (when Sustainable forest management, harvested sustainably) and wind (used to power energy conversion systems) are considered renewable resources, largely because their localized replenishment can also occur within human lifespans. Earth minerals and metal ores Earth minerals and metal ores are examples of non-renewable resources. The meta ...
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Energy Companies Established In 1959
Energy () is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, the internal energy contained within a thermodynamic system, and rest energy associated with an object's rest mass. These are not mutually exclusive. All living organisms constantly take in and release energy. The Earth's climate and ecosystems processes are driven primarily ...
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Oil And Gas Companies Of Cyprus
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) and lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from -4; we might wonder whether there's a point at which it's appro ...
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1959 Establishments In Cyprus
Events January * January 1 – Cuba: Fulgencio Batista flees Havana when the forces of Fidel Castro advance. * January 2 – Soviet lunar probe Luna 1 is the first human-made object to attain escape velocity from Earth. It reaches the vicinity of Earth's Moon, where it was intended to crash-land, but instead becomes the first spacecraft to go into heliocentric orbit. * January 3 ** Alaska is admitted as the 49th U.S. state. ** The southernmost island of the Maldives archipelago, Addu Atoll, declares its independence from the Kingdom of the Maldives, initiating the United Suvadive Republic. * January 4 ** In Cuba, rebel troops led by Che Guevara and Camilo Cienfuegos enter the city of Havana. ** Léopoldville riots: At least 49 people are killed during clashes between the police and participants of a meeting of the ABAKO Party in Kinshasa, Léopoldville in the Belgian Congo. * January 6 – The International Maritime Organization is inaugurated. * January 7 – The United ...
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