Motor Oil was founded in 1970 and the refinery commenced operations in 1972.
The company 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.
Since 2001 is has been quoted on the Athens Stock Exchange. It is listed on in the general index (ATHEX Composite Index), the high cap index (FTSE/ATHEX LARGE CAP) and the new High Dividend Performance Index as well as on the international MSCI GREECE 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 11.54 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.
In the Group level, Motor Oil 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.). In 2017, Coral entered Cyprus’ retail market through its subsidiary Coral Energy Products Cyprus Limited and in 2018 the Serbian market through its subsidiary Coral SRB d.o.o Beograd.
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 45 countries and is the agent for internationally known VALVOLINE lubricants in Greece.
The Group enjoys a presence in the liquefied gas sector through Coral Gas S.A. The company stores, packages and markets bottled and bulk liquefied gas and liquefied 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 thought 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.
For more detailed information on the activities of the company and its subsidiaries you can visit the Group Sustainability Report.