Company Overview

HELLENiQ ENERGY Holdings S.A. is an integrated energy company headquartered in Greece, operating primarily in the oil refining, fuels marketing, petrochemicals, and energy sectors. Formerly known as Hellenic Petroleum, the company rebranded to HELLENiQ ENERGY in 2022 to reflect a broader strategic focus that extends beyond traditional hydrocarbons into renewable energy, electricity generation, and low‑carbon solutions. Its core activities span the full energy value chain, from crude oil refining and fuel production to wholesale and retail fuel distribution and power generation.

The company’s primary revenue drivers are its refining and trading operations, supported by domestic and international fuels marketing and petrochemical sales. HELLENiQ ENERGY serves a diversified customer base including industrial clients, transportation companies, retailers, and end consumers. A key strategic advantage is its ownership of some of the most complex and technologically advanced refineries in Southeast Europe, providing scale, export capability, and resilience across market cycles. Founded in 1975 as a state-owned enterprise, the company has evolved through partial privatization, regional expansion, and diversification into cleaner energy technologies.

Business Operations

HELLENiQ ENERGY operates through several core business segments, including Refining, Supply & Trading, Marketing, Petrochemicals, Renewable Energy Sources (RES), and Electric Power & Natural Gas. The refining segment is anchored by three major refinery complexes operated by Hellenic Petroleum S.A., which generate the majority of group revenues through domestic sales and exports. The marketing segment includes wholesale and retail fuel distribution via subsidiaries such as EKO S.A. and ELINDA Ltd., with branded service station networks in Greece and neighboring countries.

International operations contribute significantly to earnings, particularly through fuel exports and regional marketing activities in Southeast Europe. The company also controls assets in petrochemicals through Hellenic Petroleum Chemicals S.A., producing polypropylene and other chemical products. In power and gas, HELLENiQ ENERGY participates in electricity generation and trading, including joint ventures with established European energy players. Its renewable portfolio is developed and managed through HELLENiQ Renewables S.A., focusing on solar and wind projects.

Strategic Position & Investments

HELLENiQ ENERGY’s strategic direction emphasizes a balanced transition strategy, maintaining cash-generating refining assets while investing in renewable energy, decarbonization, and digital transformation. The company has announced medium- and long-term targets to significantly expand its installed renewable capacity and reduce carbon intensity, positioning itself as a regional energy transition leader in Southeast Europe. Growth initiatives include new solar and wind developments, energy storage projects, and upgrades to existing industrial facilities to improve efficiency and emissions performance.

Major investments in recent years include the expansion of HELLENiQ Renewables S.A. through organic project development and selective acquisitions, as well as capital expenditures to enhance refinery flexibility and environmental compliance. The group maintains notable subsidiaries across refining, marketing, and energy, while selectively engaging in joint ventures for power generation and natural gas trading. Its strategic positioning reflects a dual focus on near-term profitability and long-term sustainability.

Geographic Footprint

HELLENiQ ENERGY’s operations are centered in Greece, where it maintains its headquarters and all three refinery complexes, as well as the majority of its retail fuel network and renewable assets. The company has a strong regional presence across Southeast Europe, with marketing subsidiaries and fuel distribution operations in countries including Cyprus, Bulgaria, Romania, Serbia, Montenegro, and North Macedonia.

Beyond its physical footprint, the company has substantial international exposure through exports of refined products to Europe, the Mediterranean, Africa, and the Middle East, making it one of the largest exporters in the region. Its renewable energy investments are primarily concentrated in Greece, with selective development activities in other European markets, reinforcing its role as a regional energy supplier with growing international influence.

Leadership & Governance

HELLENiQ ENERGY is led by a professional management team with extensive experience in energy, finance, and industrial operations. While the company has historical roots in state ownership, it now operates under modern corporate governance standards, with a diversified shareholder base and an independent board structure. Leadership emphasizes operational excellence, capital discipline, and a pragmatic approach to the energy transition.

Key executives include:

• Andreas Shiamishis – Chief Executive Officer
• Andreas Christodoulou – Chief Financial Officer
• Kostas Giannopoulos – Deputy Chief Executive Officer, Refining, Supply & Trading
• Eleni Kypraiou – General Manager, Human Resources & Corporate Governance

The leadership’s strategic vision focuses on strengthening the company’s core energy platform while methodically expanding into renewables and lower-carbon technologies, ensuring long-term value creation for shareholders and stakeholders alike.