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Motor Oil Hellas was founded on May 7, 1970, by Vardis Vardinogiannis and Georgios Paraschos Aleksandridis. It is headquartered in Marousi, Greece. [1] Since 1972 Vardis J. Vardinoyannis has been chairman and managing director. [7]
The family controls Motor Oil Hellas, where Vardinoyannis is Chairman and Chief Executive Officer, [5] while he is also serving as Chairman and CEO in Avin Oil. [8] In the past he served as non-executive board member in Piraeus Bank [9] until June 2012. [10] He is the principal shareholder of the Cairo-based Vegas Oil and Gas.
Avin International S.A. is active in the transportation of crude oil, gas and petroleum products. [1] Avin is one of the world's independent shipment oil operators owned by the Vardinoyannis family. [ 2 ]
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Vardis Vardinogiannis (Greek: Βαρδής Βαρδινογιάννης; 4 December 1933 – 12 November 2024) was a Greek billionaire oil and shipping businessman. [5] He was the chairman and controlling shareholder of Motor Oil Hellas [6] and Vegas Oil and Gas and involved in numerous other shipping and business interests. [7]
Hellenic Petroleum operates three refineries in Greece, in Thessaloniki, Elefsina and Aspropyrgos, which account for 57% of the refining capacity of the country (the remaining 43% belongs to Motor Oil Hellas). Also owns OKTA facilities in Skopje, Republic of North Macedonia for transportation and marketing of petroleum products.
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Greece is a country in southeastern Europe. Greece is developed country with an advanced high-income economy, a high quality of life, and a very high standard of living.A founding member of the United Nations, Greece was the tenth member to join the European Communities (precursor to the European Union) and has been part of the Eurozone since 2001.
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