Image

History

The main milestones in the Company’s history are: 

1970-1972

Foundation and beginning of operation of the refinery comprised of a crude oil refining unit, a basic lubricant production unit, a jetty with loading terminal, and truck loading terminals.     

1975

Entrance to fuel production with the addition of the Atmospheric Distillation Unit. 

1978

Construction of the Catalytic Reforming Unit (further downstream processing of naphtha). 

1980

Installation of the Catalytic Cracking Unit (further downstream processing of fuel oil to turn it  into high value-added products). 

1984

Construction of an Electric Power Production Unit that uses gaseous fuel as raw material. Right to sell energy to the domestic market.

1993

ISO 9002 accreditation for the entire spectrum of activities of the Company. 

1996

Purchase of 50% of the Company’s shares by Aramco Overseas Company BV, 100% subsidiary of Saudi Arabian Oil Company(Saudi Aramco). Relocation of Company Headquarters to a modern building in Marousi, Attica.

2000

Completion of investment projects aiming at the production of products in harmonization to European Union specifications for 2000. During the same year the Environmental Protection System of the Company is ISO 14001:1996 accredited . 

2001

Installation of a new gas turbine in the electric power station. Upgrading of the lubricants’ vacuum unit. Company share capital increase through public offer of shares and listing on the Athens Exchange.

2002

Acquisition of 100% of AVIN OIL which engages in fuel trading in the domestic market 

2003

ISO 9001:2000 accreditation for the Quality regarding the whole spectrum of Company activities. 

2004

Recertification of the Environmental Protection System of the Company according to the ISO 14001:2000 with validity until 2007.

2005

Commencement of operation of the Hydrocracking Complex which enables the production of the new clean fuels according to the specifications of the European Union of 2009 (Auto Oil II). Acquisition of the stake of Aramco Overseas Company B.V. in the Company by Motor Oil Holdings S.A.    

2006

Accreditation by the National Accreditation Body (ESYD) of the Chemical Laboratory of the Refinery according to the ISO / IEC 17025:2005 with validity until September 2010.

2007

Recertification of the Environmental Management System of the Company according to the ISO 14001:2004 with validity until 2010. Issuance of the first voluntary Environmental Statement according to the European Regulation 761/2006 EMAS (Eco-Management and Audit Scheme) certified by Bureau Veritas.

2008

Joint Venture Agreement with MYTILINEOS HOLDINGS S.A. to cooperate through the company KORINTHOS POWER S.A. for the construction, operation and utilization of a combined cycle power production plant fuelled with natural gas which will be located within the facilities of MOTOR OIL at Agii Theodori of Korinthos. Certification of the Health and Safety Management of the Refinery according to the international standard OHSAS 18001:2007 with validity until 2011.

2009

Recertification of the Quality Management System of the Company according  to the new version of the Standard ISO 9001:2008 with validity until 2012. Acquisition of 64.06% of the share capital of “OFC AVIATION FUEL SERVICES S.A.” as a result of which the MOTOR OIL Group participation to OFC S.A. increased to 92.06%.

2010

Commencement of operation of the new Crude Distillation Unit (new CDU) of 60,000 barrels per day crude distillation capacity. Completion of the acquisition of 100% of the shares of the companies “SHELL HELLAS S.A.” (renamed to “Coral S.A.”) and “SHELL GAS Α.Ε.Β.Ε.Y” (renamed to “Coral Gas A.E.B.E.Y.”). Recertification of the Refinery Environmental Management System according to ISO 14001:2004 with validity until January 2013 and of the Refinery Chemical Laboratory according to ISO / IEC 17025 with validity until September 2014. Issuance of the annual Environmental Statement according to the more recent European Regulation EMAS III 1221/2009. MOTOR OIL founds jointly with MYTILINEOS S.A.–GROUP OF COMPANIES the company “M and M NATURAL GAS S.A”.

2011

Completion of the construction of the new gas turbine # 5 following the addition of which the installed capacity of the cogeneration  power plant of the Refinery increased to 85 MW (from 68 MW). Recertification of the Health & Safety Management system of the Refinery according to OHSAS 18001:2007 with validity until 2014. Completion of the construction of the power production plant of KORINTHOS POWER S.A.

2012

Recertification of the Quality Management System of the Company according to ISO 9001:2008 with validity until 2015. KORINTHOS POWER S.A. commences its commercial operations.

2013

Completion of the biggest in the history of the Company turnaround maintenance program which included the conversion units of the Refinery, namely, the Hydrocracker complex and the Fluid Catalytic Cracking complex.

2014

Acquisition through a tender offer of 100% of the sharecapital of the company CYCLON HELLAS and delisting of the shares of the latter from the Athens Exchange. Renewal of the ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certificates with validity until December 2017. Renewal of the ISO / IEC 17025 accreditation of the Chemical Laboratory of the Refinery with validity until September 2018.

textsizePrintSend to Friend