Motor Oil Hellas

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Motor Oil (Hellas) Corinth Refineries S.A.
Μότορ Όιλ (Ελλάς) Διυλιστήρια Κορίνθου Α.Ε.
Traded as Athex: MOH
Industry Petroleum industry
Founded 1967
Headquarters Athens, Marousi, Greece
Area served
SE Europe, Northern Africa, South America
Key people
Vardis Vardinogiannis (Chairman)
Giannis Vardinogiannis (Vice President)
Petros Tzannetakis (CEO)
Products Petroleum refining, petroleum and gas exploration and transportation, energy, other petrochemicals
Services Fuel gas stations
Revenue Increase 26.384 billion (end 2014)[1]
Increase €1.685 billion (end 2014)[1]
Profit Increase €1.311 billion (end 2014)[1]
Total assets Increase €12.394 billion (end 2014)[1]
Total equity Increase €4.501 billion (end 2014)[1]
Number of employees
Steady 3,860 (end 2014).[1]
Subsidiaries (Vegas Oil and Gas)
(Avin International S.A.)
( Avin Oil)
(Shell Hellas)
(Shell Egypt)
(Coral A.E.)
(Coral Gas)
(O.F.C Plane Refueling)
(M.M. Gas)
(Korinthos Power)
(Cyclon Hellas)

Motor Oil (Hellas), Corinth Refineries S.A. (Greek: Μότορ Όιλ (Ελλάς) Διυλιστήρια Κορίνθου Α.Ε.) is a leading oil company in Southeastern Europe based in Greece focusing on petroleum refining, maintaining business interests in Libya, Egypt, Saudi Arabia and Yemen.

Refinery, facilities and gas stations[edit]

The company operates the second-largest exporting refiner(70%) in Europe based in Corinth, Greece,and the Cairo-based oil and gas exploration and production facilities in Egypt. It also owns the Avin, Shell and Cyclon chain of fuel stations in Greece which are more than 2,000 along with a host of other gas and energy-related businesses.


Motor Oil Hellas has numerous subsidiares such as Vegas Oil and Gas and Coral Gas but the largest is the Avin International S.A. Group which possesses a fleet of 28 oil tankers and 6 container ships.


Motor Oil's majority shareholder is Motor Oil Holdings S.A.(52.5%), a holding company that belongs to the prominent Greek business family of Vardinogiannis with Saudi Aramco Overseas retaining 26.8%. 22.2% of its shares are available to the public through a float on the Athens Stock Exchange.Motor Oil Hellas market capitalization on February 2015 is 7.83 billion Euro.


  1. ^ a b c d e f "Annual Report 2010" (PDF). Motor Oil Hellas. Retrieved 5 May 2011. 

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