Motor Oil was founded in 1970 and the refinery commenced operations in 1972.
MOTOR OIL is an energy group based in Greece. It was founded in 1970 and its refinery, one of the top refineries in Europe (12,61 Nelson Complexity Index) started operating in the region of Corinth in 1972. It plays a leading role in the sectors of crude oil refining and marketing of petroleum products in Greece, as well as the greater eastern Mediterranean region, supplying its customers with a wide range of high-quality products. It exports in more than 70 countries and has about 2500 employees.
Since 2001 the Company shares have been listed on the Athens Exchange. It is also a constituent of the ATHEX Composite Share Price Index, the FTSE/ATHEX LARGE CAP index, the MSCI Greece Small Cap Index and the FTSE4Good Index Series.
The Refinery with its ancillary plants and fuel distribution facilities forms the largest privately-owned industrial complex in Greece, and is considered one of the most modern refineries in Europe. The complexity of Motor Oil’s refinery stands at 12.61 according to Nelson’s Complexity Index.
It has the capacity to process various types of crude oil and manufactures a wide range of oil products. It supplies commercial oil companies in Greece, but the bulk of its production is sold abroad. Moreover, it is the only refinery that produces base oils in Greece. The technical sophistication of the refinery allows Motor Oil to manufacture products with high added value, adjusting the final product mix to market needs, ensuring better distribution prices and achieving better refining margins than other composite refineries in the Mediterranean.
We are an energy group that creates value with consistency and responsibility.
Motor Oil also has a significant presence in the area of trade due to the liquid fuel retail networks of its subsidiaries AVIN OIL and Coral (formerly SHELL HELLAS S.A.). Coral, a Shell licencee, also operates in Cyprus, Serbia, Croatia & North Macedonia. In the lubricants sector, the Group is represented by its subsidiary, LPC S.A. LPC is active in the industrial production of basic lubricants, the production, and trade of packaged lubricants and the sale of paraffin. The company exports its products to more than 70 countries and is the agent for internationally known VALVOLINE lubricants in Greece.
The Group enjoys a presence in the liquified gas sector through Coral Gas S.A. The company stores, packages and markets bottled and bulk liquified gas and liquified gas for vehicles (autogas). In 2017, the company established a subsidiary in Cyprus intending to expand its activities abroad.
Additionally, the Group has a presence in the power and natural gas market through its subsidiary NRG TRADING HOUSE ENERGY S.A. NRG offers electricity and natural gas programs, and primarily aims to provide comprehensive services to home and commercial consumers through top-level services that meet all energy needs.
Motor Oil is also active in the Renewable Energy Sector.