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Aegean Oil S.A. (Greek: ΑΙΓΑΙΟΝ ΟΙΛ A.E.) is a Greek oil company owned by the Melissanidis family. It was an affiliated company of Aegean Marine Petroleum Network Inc. (AMPNI). Aegean Oil began its activities in the retail market in the early 2000 and became known for a network of gas stations opened throughout Greece.
The company is transitioning from a government-owned enterprise to a privately held enterprise. 21.8% of its shares are available to the public through a float on the Athens Stock Exchange, with the Greek government retaining 35.5% and Paneuropean Oil and Industrial Holdings S.A. (a Latsis family holding company) owning the remaining 45.5% of ...
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 expansion aim was to attain further reductions in oil consumption, as oil prices continued to rise and reached US$130 per barrel in June 2008. Government official estimated that at this price, oil imports will reach US$2.85 billion , representing about a third of the country's export earnings and about 9% of the country's GDP estimated for ...
It is 50% shareholder and operator of the NW Gemsa concession, Circle Oil have a 40% interest and Sea Dragon Energy have the remaining 10%. [3] Oil production from the NW Gemsa concession peaked at 9,000 bbl/d (1,400 m 3 /d). [4] All gas currently produced from the field is flared, due to sub-economic, low volumes. [5]
On June 17 that year, the weekly Athens Advertiser changed its name to the Athens Daily News and became a seven-day morning paper to compete with the afternoon Athens Banner-Herald. [4] The Morris family purchased the rival paper on December 24, 1967, and consolidated its staff into the Athens Banner-Herald. [5]
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