Hellenic Petroleum

Hellenic Petroleum to Build Greece's Largest Solar Energy Project

In a move signaling a major shift toward renewable energy, Greek oil giant Hellenic Petroleum announced that it will soon receive 75 million euros ($88.62 million) in funding toward the construction of the largest solar array in the country. According...

Greece, US Back Drilling Off Crete; Call for Respect for International Law

Greek and American officials hailed the partnership between oil giants ExxonMobil of the US, Total of France and Hellenic Petroleum in two offshore exploration licenses off Crete during a Monday teleconference. "Both sides welcomed the participation of ExxonMobil in partnership...

Workers at Hellenic Petroleum Protest Privatization

On Monday, Greece's attempt to seal the deal in the privatization of Hellenic Petroleum was prevented by workers at the facilities who walked off the job for four hours to picket the entrance-way. Workers at Hellenic Petroleum managed to physically...

Greek Refiner ELPE Signs Deal with Iran's NIOC for Crude Oil Deliveries

Greek refiner Hellenic Petroleum (ELPE) and Iran’s national oil company NIOC reached a long-term agreement for the immediate start of crude oil deliveries to Greece, the company announced on Friday. ELPE will purchase 25 percent of their needs from NIOC...

Hellenic Petroleum to Submit Offer for Exploration Rights in Ionian Sea‏

Hellenic Petroleum will submit an offer in a tender for hydrocarbon exploration rights in field 1 of northwestern Ionian Sea, which has raised doubts from Albanian authorities. Addressing a general shareholders' meeting, Hellenic Petroleum CEO Grigoris Stergioulis said the company has discussed the...

6 People Heavily Injured During Fire at Aspropyrgos Refineries

Six people were seriously injured, while two of them are in critical condition, when a fire broke out at the Hellenic Petroleum refinery tank in Aspropyrgos, Greece on Friday, May 8. The injured have been transferred to Thriasio and...

SYRIZA to Freeze Privatizations

The Productive Reconstruction, Environment and Energy Minister Panagiotis Lafazanis is currently promoting a bill that would invalidate the privatization of DEI (Public Power Corporation of Greece) and the sale of ELPE (Hellenic Petroleum). Specifically, the bill is: Canceling the law on...

Greece Signs Hydrocarbon Exploration Deal, Eyeing EUR4.4bn

After a hiatus of 15 years, Greece's hydrocarbon industry started to swing back into action Wednesday. Three energy consortia signed concessions for the exploitation of hydrocarbon deposits in western and northern Greece that it is hoped could yield the country some six...

Concessions for 3 Reserves with 3.3 Million Oil Barrels to Be Signed Wednesday

The Prime Minister Antonis Samaras as well as the government Vice President and Foreign Minister Evangelos Venizelos will attend a ceremony on Wednesday, May 14, in which agreements for hydrocarbon explorations, surveys and extraction/production in three separate areas of...

BP Buys Greek Oil Reserves

The agreement for the purchase of the Prinos oil field reserves was signed on Monday afternoon at the Greek Ministry of Environment, Energy and Climate Change, between Energean Oil, the Greek company exploiting the reserves and British multinational BP Oil...