50 Years Motor Oil

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

Commissioning of the Catalytic Reformer Unit for gasoline production.

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

Construction of a Power Plant, burning fuel gas.

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

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.

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.

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.

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

Commissioning of the new Truck Loading Terminal at the refiner

The Hydrocracker Complex is commissioned, facilitating the production of “clean fuels” conforming to European Union specifications. Repurchase of Saudi Aramco’s stake in the company.

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

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.

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

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

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.

Completion of the construction of 5th gas turbine in refinery’s power cogeneration plant, which now has a total capacity of 85MW.

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

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.

Acquisition of 90% of the electricity company NRG TRADING HOUSE ENERGY S.A. Rebranding of AVINOIL. Entry into the Serbian retail oil trading market through Coral’s subsidiary, Coral SRB d.o.o Beograd.

Entry of the Motor Oil Group in the Renewable Energy Sources sector through its subsidiary TEFORTO HOLDINGS LTD. Installation of photovoltaic panels at the Refinery.

Start of construction of a new Naphtha processing complex. Increase in the capacity of the Refinery’s Hydrogen production unit. Start of the Digital Transformation Project.

Establishment of the company MORE (Motor Oil Renewable Energy).

Commencement of the construction of a Gas Turbine Combined Cycle Power Plant fuelled by Natural Gas, in Komotini in cooperation with GEK TERNA Group.

Completion of the construction of the new pier at the Refinery.

Installation of a battery energy storage system at the Refinery.

NRG is making the journey of e-mobility a reality by developing an extensive network of fast chargers (incharge) throughout the country.

Entry into the Croatian retail petroleum marketing products, with the acquisition of APIOS D.O.O by Coral S.A. and North Macedonia, through Coral’s subsidiary, Coral Fuels DOOEL Skopje.

Motor Oil and PPC S.A. signed a Memorandum of Understanding for the implementation of projects in the field of green hydrogen.

Acquisition of 29.87% of the shares of Ellaktor Group. Motor Oil Group becomes one of the largest producers of renewable energy. At the same time, MORE will have a portfolio of projects at various stages of development, more than 2.2 GW.

Acquisition of all the shares of ELIN VERD, for investments and activity in the field of renewable and alternative fuels and circular economy.

ΝRG proceeded with the acquisition of 60% of Automotive Solutions, in the field of e-mobility and sustainable micromobility.