Who we are
Motor Oil is a Greek – multinational energy group of more than 100 companies, founded in 1972. For more than 50 years, we produce reliable and affordable energy products and services for our customers, we invest towards a more sustainable energy future, we promote the growth and safety of our employees and contribute to the development and well-being of the society. We operate based on our core values of integrity, transparency, meritocracy, professionalism, effectiveness and responsibility towards our employees, society and the environment. Overall, at Motor Oil, we provide the energy our customers need today, while leading the transition into a sustainable energy future.
What we do
Motor Oil is a diversified and integrated energy provider in Southeastern Europe.
The Group is operating one of the most complex oil refineries in Europe with operating capacity of more than 200 kboe per day. We are also one of the leading suppliers and traders of fuels in the region, operating networks of fuelling stations across Greece, Cyprus and the Western Balkans.
The Group has also established significant presence within the power sector in Greece and the wider region. We generate sustainable and affordable power by operating a scaled and rapidly growing portfolio of renewable generation assets. We are also one of the leading suppliers of electricity, energy efficiency and electromobility services in Greece.
Finally, we believe in a circular future, therefore, we have established a diversified circular economy platform, active across waste and wastewater management, biowaste collection, recycling, energy from waste and lubricants regeneration.
The following non-exhaustive list introduces key companies and brands delivering those services:
- Motor Oil refines oil to produce a range of products, from light ends and gasoline to middle distillates, fuel, bitumen, paraffin, sulphur and lubricants
- Coral, Coral Gas and Avin Oil sell petroleum products both in the wholesale market and directly to end users
- MORE generates, supplies and trades wind and solar energy
- nrg sells electricity and natural gas as well as electromobility services
- Thalis constructs and operates waste and wastewater treatment facilities
- Verd and its subsidiary Prasino Ladi collect used cooking oil and convert it to biodiesel
- LPC produces and sells lubricants and greases
We are an energy group that creates value with consistency and responsibility.
Our Strategy
Motor Oil has embarked on one of the most ambitious energy transition programs in Southeastern Europe which will transform the Group into a sustainable, diverse, multi-energy leader in the region. Our goal is to create services and solutions for our customers and long-term value for our shareholders by investing diligently in the energy transition, preparing for a shifting energy market.
Our four strategic pillars recognize society’s needs for a reliable, sustainable and affordable energy mix and we have embarked on a €4.0 billion investment program across those pillars by 2030, directing more than €2.5bn towards low carbon energy projects and €1.5bn towards resilience and upgrade projects.
First pillar – Refining, Supply Trading: We support the energy transition reliably with products that the world needs now and until new sustainable technologies mature. To ensure improved and reliable operation of the refinery, we are continuously investing in initiatives that can optimize its performance, upgrade its products and reduce its environmental footprint.
Second pillar – Μobility Retail: We continue to expand our strong mobility and retail presence and our offering, leading the development of the EV charging network in the region, and upgrading our retail customer value proposition.
Third pillar – Renewable Energy: We are developing a renewables platform, as well as reliable thermal generation assets, responding to society’s call for more energy that is cleaner, affordable and more reliable.
Fourth pillar – Alternative Fuels Circular Economy: We leverage our experience running complex industrial process (i) to produce Alternative Fuels, responding to society’s needs for greener fuels, and (ii) in a Circular Economy context, responding to the call for resource (re)use optimisation.
