Motor Oil Hellas
   HOME

TheInfoList



Click Here for Items Related To - Motor Oil Hellas
OR:
Motor Oil Hellas on:   [Wikipedia]   [Google]   [Amazon]

Motor Oil (Hellas) Corinth Refineries S.A. () is a
petroleum industry The petroleum industry, also known as the oil industry, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (often by oil tankers ...
company based in Greece focusing on
oil refining An oil refinery or petroleum refinery is an industrial processes, industrial process Factory, plant where petroleum (crude oil) is transformed and refining, refined into products such as gasoline (petrol), diesel fuel, Bitumen, asphalt base, ...
and trading. It is a leading force in its sector in
Southern Europe Southern Europe is also known as Mediterranean Europe, as its geography is marked by the Mediterranean Sea. Definitions of southern Europe include some or all of these countries and regions: Albania, Andorra, Bosnia and Herzegovina, Bulgaria, C ...
and the
Mediterranean The Mediterranean Sea ( ) is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean basin and almost completely enclosed by land: on the east by the Levant in West Asia, on the north by Anatolia in West Asia and Southern ...
.


History

Motor Oil Hellas was founded on May 7, 1970, by Vardis Vardinogiannis and Georgios Paraschos Aleksandridis. It is headquartered in
Marousi Marousi or Maroussi (), also known as Amarousio (), is a city and a suburb in the northeastern part of the Athens#Athens Urban Area, Athens urban area, Greece. Marousi dates back to the era of the History of Athens, ancient Athenian Republic; its ...
, Greece. Since 1972 Vardis J. Vardinoyannis has been chairman and managing director. The company has over 2,000 employees. Despite the Greek crisis in 2015, the company had thrived. In 2020 Motor Oil Hellas gave
TechnipFMC TechnipFMC plc is a French-American, UK-domiciled global oil and gas company that provides services for the energy industry. The company was formed by the merger of FMC Technologies of the United States and Technip of France that was announced in ...
a significant engineering, procurement, and construction management services contract. The new
naphtha Naphtha (, recorded as less common or nonstandard in all dictionaries: ) is a flammable liquid hydrocarbon mixture. Generally, it is a fraction of crude oil, but it can also be produced from natural-gas condensates, petroleum distillates, and ...
complex in Greece will have three new processing units and a capacity of . The construction work is scheduled to be complete in 2021.


Refinery, facilities and gas stations

Through its Korinthos refinery, Motor Oil controls 35% of the refining sector in Greece. The company operates the second-largest refiner ( Corinth Refinery) in
Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
and the
Cairo Cairo ( ; , ) is the Capital city, capital and largest city of Egypt and the Cairo Governorate, being home to more than 10 million people. It is also part of the List of urban agglomerations in Africa, largest urban agglomeration in Africa, L ...
-based oil and gas exploration and production facilities in
Egypt Egypt ( , ), officially the Arab Republic of Egypt, is a country spanning the Northeast Africa, northeast corner of Africa and Western Asia, southwest corner of Asia via the Sinai Peninsula. It is bordered by the Mediterranean Sea to northe ...
. It also owns the Avin,
Shell Shell may refer to: Architecture and design * Shell (structure), a thin structure ** Concrete shell, a thin shell of concrete, usually with no interior columns or exterior buttresses Science Biology * Seashell, a hard outer layer of a marine ani ...
and Cyclon chain of fuel stations in Greece, more than 2,000, along with a host of other gas and energy-related businesses. In 2025, Motor Oil Hellas inaugurated Greece’s first hydrogen refuelling station in Agioi Theodoroi, operated by its subsidiary Avin Oil. The station is the first in Europe to be co-financed (50%) by the EU’s Connecting Europe Facility (CEF) – Transport programme, as part of a €3 million investment. The facility currently sources green hydrogen from Austria, with plans to use hydrogen from a nearby 50MW production plant under development by Motor Oil. Construction of a 30MW electrolyser has begun at the Korinthos refinery, with an additional 20MW ordered from Sweden-based Metacon in early 2025. The overall project aims to produce up to 60,000 tonnes of hydrogen and 25,000 tonnes of e-methanol annually by 2029. The European Commission approved a €111.7 million subsidy in February 2025 to support the hydrogen development project.


Subsidiaries and affiliates

Motor Oil Hellas has numerous subsidiaries, such as: *Avin Oil Industrial, Commercial and Maritime Company S.M.S.A., *Coral Oil and Chemicals Company S.A., *Coral Commercial and Industrial Gas Company S.A., *LPC S.M.S.A. Corporation for Processing and Trading of Lubricants and Petroleum Products, *NRG Supply and Trading S.M.S.A., *OFC Aviation Fuel Services S.A., *Korinthos Power S.A., *Shell & MOH Aviation Fuels S.A., *Athens Airport Fuel Pipeline Company.


Ownership

Motor Oil's majority shareholder is two
holding companies A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies ...
(Petroventure and Motor Oil Limited with 40.97%), that belongs to the prominent Greek family of
Vardinogiannis The Vardinogiannis family () is one of the most powerful families in the shipping world both in Greece and internationally, originating from Crete. Information Members of the Vardinoyannis family have distinguished themselves in shipping, business, ...
, the rest of its shares are available to the public through a float on the
Athens Athens ( ) is the Capital city, capital and List of cities and towns in Greece, largest city of Greece. A significant coastal urban area in the Mediterranean, Athens is also the capital of the Attica (region), Attica region and is the southe ...
and the
London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
.


See also

* Energy in Greece


References


External links

*
Hoovers.com profileMOTOR OIL HELLAS , (finance.google.com profile)MOTOR OIL (HELLAS) (MOH.AT) , (finance.yahoo.com profile)MOTOR OIL (MOH) - Athens , (capital.gr profile)
{{Athex 20 companies Oil and gas companies of Greece Companies listed on the Athens Exchange Companies in the FTSE/Athex Large Cap Greek brands Multinational companies headquartered in Greece