Commodity Market Report
Greece downstream oil long-term outlook
Report summary
Similar to other European markets, the coronavirus pandemic has weighed heavily on oil demand in Greece. The local refining industry remains dominated by the two domestic refiners, Hellenic Petroleum and Motor Oil Hellas. Together they supply the majority of the inland wholesale market and around over 50% of the retail market through their various marketing arms. The government announced in 2018 a tender for the purchase of a 50.1% stake in Hellenic Petroleum as part of a continued privatisation plan. However, the deal is yet to materialise.
Table of contents
- Market drivers
- Gasoline
- Diesel/gasoil
- Jet/kerosene
- Fuel oil
-
Regulatory issues
- Duty and taxes
- Permits and oil market law
- Compulsory stock obligation
- Monitoring quality and curbing illegal practices
-
Energy transition
- Biofuel mandates
- Electric vehicles
- Product quality
- Overall position - net exporter
-
Fuels retailing
- Volumes
- Overall network development
- The Greek integrated refiners
- Hellenic Petroleum (EKO/BP)
- Motor Oil Hellas (Avin/Cyclon/Shell)
- Independent groups
- Aegean Oil
- Elinoil
- Revoil
- Jetoil
- Others
- Hypermarket fuel outlets
- Network efficiency
- Performance pacesetters in the retail market
- Non-fuel retailing
-
Commercial fuels
- Gasoline and diesel
- Domestic gasoil
- Aviation kerosene
- Inland fuel oil/marine bunkers
- LPG
- Bitumen
- Lubricants
-
Key issues influencing net profitability
- Retail fuels marketing
-
Marketing net profitability
- Commercial fuels marketing
- Distribution of oil products
- Oil product storage infrastructure
- Crude oil delivery
- Country crude slate overview
-
Refining overview
- Aspropyrgos refinery
- Elefsis refinery
- Thessaloniki refinery
- Corinth refinery
Tables and charts
This report includes 31 images and tables including:
- Key demand indicators
- Total Demand
- Annual demand change
- Demand by product
- Demand by sector
- Car parc by vehicle type
- Gasoil/diesel demand by sector
- Fuel oil by sector
- Demand forecast (kt)
- Trade balance
- Key trading partners
- Gasoline - net exporter
- Jet/kero - net exporter
- Diesel/gasoil - net exporter
- Fuel oil - net exporter
- Unit net margins
- Crude input slate
- Network size
- Retail outlets by brand
- Retail market shares
- Average throughput per site
- Market effectiveness ratio by companies
- Commercial fuel volumes
- Retail gasoline 95 RON price formation 2019
- Retail diesel price formation 2019
- Annual gross fuel marketing margins
- Storage and distribution infrastructure
What's included
This report contains:
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