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History

1972 Commissioning of the refinery. It comprises a Crude Oil Distillation Unit, a base oils production unit and port facilities.

1975 Construction completion of the 100,000 barrels/day Crude Distillation Complex. Construction completion of the 1.5 million cubic metres tank farm.

1978 Commissioning of the Catalytic Reformer Unit for gasoline production.

1980 Commissioning of the Catalytic Cracking Unit (for converting fuel oil to higher added value products).

1984 Construction of a Power Plant, burning fuel gas.

1993 ISO 9002 quality certification for the entire range of the company’s commercial and manufacturing activities.

1996 Purchase of 50% of the company’s shares by Saudi Arabian Oil Company (Saudi Aramco). Relocation of the Head Office to a modern Offices Complex in Maroussi.

2000 Construction of new units and upgrading of the Naphtha Reformer into a continuous 103-octane number catalyst regeneration unit for the production of fuels conforming to EU specifications.

New Central Control Room and installation of a Distributed Control System.

Certification of the Environmental Management System, according to ISO 14001:1996.

2001 Increase of the company’s equity capital through public offer of shares and listing on the Athens Stock Exchange. Upgrading of the Lubes Vacuum Distillation Unit.

2002 Acquisition of 100% of the retail oil marketing company AVIN OIL.

2004 Commissioning of the new Truck Loading Terminal at the refinery.

2005 The Hydrocracker Complex is commissioned, facilitating the production of “clean fuels” conforming to European Union specifications. Motor Oil Holdings Ltd acquires the stake of Saudi Aramco in the Company.

2006 Certification of the refinery’s Chemical Laboratory, according to ISO 17025:2005.

2007 Registration of the company in the Hellenic Register of EMAS (Eco-Management and Audit Scheme). Issue of the first voluntary Environmental Statement, conforming with EU Regulation EMAS ER 761/2001.

2008 Certification of Health and Safety Management System, according to OHSAS 18001:2007.

2009 Increase of the participation in the share capital of OFC AVIATION FUEL SERVICES S.A. from 28.0% to 92.06%.

2010 Commissioning of the new 60,000 barrels/day Crude Distillation Unit, and of two additional Sulphur Recovery Units, of a combined 170 ΜΤ/day sulphur production capacity. Completion of the acquisition of the shares of the companies SHELL HELLAS S.A. (renamed to Coral S.A.), and SHELL GAS A.E.B.E.Y. (renamed to Coral GAS A.E.B.E.Y.), as well as of 49% of the aviation fuels trading company.

2011 Completion of the construction of 5th gas turbine in refinery’s power cogeneration plant, which now has a total capacity of 85MW. Construction completion of KORINTHOS POWER S. A power plant, located in the MOTOR OIL refinery premises.

2014 Acquisition of 100% of the retail oil marketing company Cyclon A.B.E.E.

2017 Recertification of the Quality Management System according to the new ISO 9001:2015, of the Environmental Management System according to the new ISO 14001:2015 and of the Health and Safety Management System, according to OHSAS 18001:2007. Certification of the MOTOR OIL Refinery according to the ISO 50001:2011 for Energy Management and according to ISO 18788:155 for security.

2018 MOTOR OIL achieves record sales for the eleventh consecutive year (14.4 million ΜΤ).
Acquisition of 90% of the electricity company NRG TRADING HOUSE ENERGY S.A.

 

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