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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]
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]
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.
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.
Greece has 10 million barrels of proved oil reserves as of 1 January 2011. [11] Hellenic Petroleum is the country's largest oil company, followed by Motor Oil Hellas. Greece's oil production stands at 7,946 barrels per day (bbl/d), [11] ranked 90th, while it exports 1,863 bbl/d (57th) [11] and imports 496,600 bbl/d (25th). [11]
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Motor Oil Hellas; P. Prometheus Gas; S. SEKA (oil company) This page was last edited on 1 July 2020, at 01:18 (UTC). Text is available under the Creative Commons ...
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