Dear Shareholders
2018 marked the 60th anniversary of Aspropyrgos refinery
and the 20th year since the formation of HELLENIC
PETROLEUM Group. During this year, the Group reported
strong results, promoted value adding strategic initiatives
and above all achieved improved and safe operations of
its production units.
While the financial performance of Refining, Supply
& Trading business, being our main activity, reflects
developments in international refining environment, it is
determined by strategic initiatives in respect of investment
decisions and their implementation. The consistently
positive results of the last few years are indicative
of the strong foundation and reflect the choices made,
as well as the successful completion of the strategic refineries
upgrade program.