Company Report
Hellenic Petroleum refining and oil products summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Hellenic Petroleum maintains its position as the dominant player in Greece's downstream oil sector, largely through its control of three of the country's four oil refineries and an established fuel retail network. Elefsis refinery achieves some of the strongest refining margins in the Mediterranean region following its upgrade in 2012. Hellenic Petroleum has continued to rationalise its retail network in the context of a shrinking Greek market, while pursuing the integration of its two separate fuels marketing subsidiaries EKO and Hellenic Fuels sector. Although Hellenic Petroleum benefited from exceptionally strong European refining margins in 2015, its growing surplus remains a longer term concern, given increased competition from advantaged international refiners.
Table of contents
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Executive summary
- SWOT analysis
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Strategy
- National refining champion, but exposed to weak domestic demand and poor refining margins
- Upgraded refining portfolio to optimise overall operations and generate cash
- Consolidation of domestic fuels marketing coupled with targeted international expansion
- Financials
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Portfolio summary
- European refining and marketing operations
- Refining
- Fuels marketing
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Refining and oil products
- Supply/demand
- Implications and outlook
- Mergers and acquisitions
Tables and charts
This report includes the following images and tables:
- Adjusted EBITDA by business
- Capex by business segment
- Mergers and acquisitions: Table 1
- Executive summary: Table 1
- Portfolio summary: Image 1
- Refinery capacity by country (kb/sd) at end-2015
- Services stations by country at end-2015
- Total company position
- Refining and oil products: Table 1
What's included
This report contains:
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