- CEO
- Yannis V. Vardinoyannis
- Full Time Employees
- 4,381
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Address
- 12A Irodou Attikou Street Marousi GI Greece 151 24
- IPO Date
- Mar 20, 2013
- Business
- Motor Oil (Hellas) Corinth Refineries S.A. operates as a leading independent oil refiner and marketer of petroleum products in Greece and the Eastern Mediterranean region. The company produces a wide range of refined products from its Corinth refinery complex, which has a capacity exceeding 10 million metric tons annually and features advanced units including crude distillation, hydrocracking, fluid catalytic cracking, and lube vacuum processing; key outputs encompass gasoline, diesel (automotive and heating grades), jet fuel, kerosene, fuel oil, asphalt, bitumen, paraffin, sulfur, liquefied petroleum gas, naphtha, and lubricants tailored to European and international specifications. It markets fuels and lubricants through over 1,500 service stations under brands such as Shell, Avin Oil, and Cyclon Hellas in Greece, Cyprus, and Southeastern Europe; additional activities include natural gas supply, power generation, real estate exploitation, waste management, airport technical consulting, and financial services. Founded in 1970 and headquartered in Marousi, Greece, the company employs over 3,000 staff across more than 100 subsidiaries and exports to over 75 countries. Recent developments include a 2025 joint venture with Premier Energy for 86 MW hybrid solar power plants with storage in Romania via subsidiary Motor Oil Renewable Energy; a July 2025 strategic partnership with GEK Terna to form UtilityCo, merging retail electricity providers nrg and Heron plus stakes in the Komotini CCGT plant, expected to complete in early 2026; inauguration of Greece's first hydrogen refueling station in Agioi Theodoroi, co-financed by the EU; and construction of a 50 MW electrolyser at Corinth for green hydrogen and e-methanol production, backed by a €111.7 million European Commission subsidy.