Motor Oil Hellas
Encyclopedia
Motor Oil Corinth Refineries S.A. is a company
based in Greece
focusing on petroleum refining. The company is the second-largest refiner in the country behind Hellenic Petroleum
. Headquartered in the Athens suburb of Maroussi
, the firm operates the Corinth Refinery
in Corinth
. It also owns the Avin chain of fuel stations
.
Motor Oil's majority shareholder is Motor Oil Holdings S.A., a holding company
of the Vardinogiannis
family.
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
based in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
focusing on petroleum refining. The company is the second-largest refiner in the country behind Hellenic Petroleum
Hellenic Petroleum
Hellenic Petroleum S.A. is the largest oil refining company in Greece and with its roots dating to 1958 with the establishment of the first oil refinery in Greece ....
. Headquartered in the Athens suburb of Maroussi
Marousi
Marousi , alternative forms: Maroussi, Amarousion, and Amaroussion, is a suburban city NE of Athens, Greece. The Athens Olympic Sports Complex, the largest sports complex in Greece, is also located here; its main street is Kifisias Avenue, and also contains four ISAP train stations and two of the...
, the firm operates the Corinth Refinery
Corinth Refinery
Corinth Refinery is a complex oil refinery with an annual capacity of , operated by Motor Oil Hellas S.A.-Fuels production:Crude oil is processed in the Crude Distillation Unit, from which Liquified petroleum gas , Naphtha, Kerosene, Diesel and Fuel Oil are produced...
in Corinth
Corinth
Corinth is a city and former municipality in Corinthia, Peloponnese, Greece. Since the 2011 local government reform it is part of the municipality Corinth, of which it is the seat and a municipal unit...
. It also owns the Avin chain of fuel stations
Filling station
A filling station, also known as a fueling station, garage, gasbar , gas station , petrol bunk , petrol pump , petrol garage, petrol kiosk , petrol station "'servo"' in Australia or service station, is a facility which sells fuel and lubricants...
.
Motor Oil's majority shareholder is Motor Oil Holdings S.A., a holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
of the Vardinogiannis
Vardis Vardinogiannis
Vardis Vardinoyannis is a Greek oil tycoon. Born in 1933 in Episkopi, Rethymno, he is the chairman and controlling shareholder of Motor Oil Hellas and Vegas Oil and Gas. He is the brother of Yiorgos Vardinogiannis, husband of Marianna Vardinoyannis and father of Giannis Vardinogiannis.-References:...
family.