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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]
Corinth Refinery is an oil refining complex in Greece, the largest industrial complex in the country with a capacity of 380,000 barrels per day (60,000 m 3 /d), and it is operated by Motor Oil Hellas. [1] [2] [3]
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]
It is the only remaining, not revoked classification of the API Two-Cycle motor oil specifications (TA, TB, TC, TD). Being a very old standard itself, most currently produced 2T lubricants meet its specifications, even the lowest quality ones; current high-quality oils exceed them (often labeled "API TC+" although not based on actual measurements).
In early 2024, More subsidiary completed the acquisition of Anemos RES and acquired a portfolio of 2.2 GW in renewables. Moreover, the group has active engagements in waste management and cyclical economy. As a result, in May 2024 the stock of Motor Oil Hellas reached an all-time high, bringing the valuation of the company to EUR 3 billion.
Grades may appear alone - for example, a lawnmower may require SAE 30. This single grade specification means that the oil must meet the SAE 30 requirements. But SAE also allows designating an oil with two viscosity grades, referred to as a multi-grade oil. For example, 10W-30 designates a common multi-grade oil. A 10W-30 oil must pass the SAE ...
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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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