ELPE plans to acquire 100 MW in RES capacity in 2019 – Greece, 20 June 2019

Greek oil refiner Hellenic Petroleum (ELPE) plans to add additional 100 MW of installed capacity in renewable energy sources to its portfolio by the end of this year and additional 100 MW in 2020, as part of the company’s strategy. At the moment, ELPE is analyzing the potential purchase of at lea Full article available […]

ELPE and Edison reached agreement with Ellaktor’s stake in Elpedison – Greece, 11 June 2019

Greek oil refiner Hellenic Petroleum (ELPE) and Italian Edison, which hold combined 75.78 % stake in their joint venture company Elpedison, have reached an agreement with Greek construction company Ellaktor over its 22.74 % stake in the energy company. Following the deal, whose financial details Full article available for subscribers of Energy NEWS service (PDF […]

OKTA refinery recorded profit in Q1 2019 – Macedonia, 21 May 2019

North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum recorded a net profit in the amount of some 380,000 euros in the first quarter of 2019, compared to a net loss of 670,000 euros recorded in the same period last year. The company’s sales revenues rose by 8 % in the first three Full […]