Corporate Profile

Founded in 1998, HELLENiQ ENERGY (former HELLENIC PETROLEUM S.A.) is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 6 countries.

HELLENiQ ENERGY’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (47.1%) and the Hellenic Republic Asset Development Fund (35.5%), with the remaining held by institutional and private investors. The shares of HELLENiQ ENERGY Holdings S.A. are listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock exchange (LSE: HLPD) through GDRs, while the Group’s international bond issue (HPF, 2%, 4 Oct 2024) is listed on the Luxemburg Stock Exchange.

In 2022, net sales amounted to €14.5bn and Group Adjusted EBITDA to €1,601m.

Refining is the Group’s core business, operating three out of the four refineries in Greece (Aspropyrgos, Elefsina, Thessaloniki), of 344 kbpd total capacity, with a 60% share in the Greek wholesale oil products market.

The Group is the domestic ground fuels marketing leader, with a retail network of more than 1,600 service stations throughout Greece as well as LPG, industrial, aviation and marine fuels and lubricants businesses.

The Group is a leading player in SE European markets being one of the key fuels marketing players in Cyprus, Serbia, Bulgaria, Montenegro and Republic of North Macedonia through its network of more than 300 petrol stations.

The Group is the sole petrochemicals producer in Greece, mainly active in the propylene-polypropylene value chain, commanding a >50% domestic market share, while exports, mainly in Turkey and other Mediterranean countries account for c. 70% of sales.

Leading the energy transition, HELLENiQ ENERGY has been investing in renewable energy sources (RES) with a portfolio of 341 MW in operation and more than 2.5 GW in various development stages, targeting 1 GW of operational capacity by 2025 and 2 GW by 2030.

The Group’s exploration and production activities are focused on Greece through an exploration portfolio at 6 offshore areas, either independently or in collaboration with leading companies in the sector.

HELLENiQ ENERGY is also active in the power and gas sectors.

Power generation and trading activities are carried out through ELPEDISON (50% stake), a JV with EDISON, which owns and operates two CCGT plants in Greece of a total capacity of 840 MW and is also present in the retail electricity market.

The Group is also present in the wholesale, supply and distribution of natural gas through its 35% stake in DEPA Commercial and DEPA International Projects.


Summary Group Structure1

Corporate profile

(1) All companies 100% owned unless otherwise noted
(2) 45% owned through HEI
(3) Includes OPCOs

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