The subsidiaries of the DEP Group are merged and renamed HELLENIC PETROLEUM S.A. Its shares are listed on the Athens and London Stock Exchanges.
The Greek State launches a second public offering of the shares of HELLENIC PETROLEUM S.A.
DIAXON is established, a Komotini –based industry for plastic packaging materials. The establishment of HELLENIC PETROLEUM –POSEIDON M.C. and HELLENIC PETROLEUM –APOLLON M.C. follows.
HELLENIC PETROLEUM SA merges by absorption PETROLA HELLAS SA, through which the Group acquires the Elefsina refinery.
During the next years, HELPE Group founds and acquires subsidiaries, such as ELPET- BALKANIKI SA, through which the OKTA refinery is embedded, GLOBAL Albania, Hellenic Petroleum Cyprus, EKO Serbia AD, Jugopetrol AD Kotor and EKO Bulgaria, for the expansion of the Group’s commercial activities in the Republic of North Macedonia, Albania, Cyprus, Serbia, Montenegro and Bulgaria respectively.
THESSALONIKI ENERGY is founded and the power generation plant at the Industrial Complex of Thessaloniki starts its commercial operation. The Group aiming to further strengthening its presence in the field of electricity generation and trading, establishes ELPEDISON BV in cooperation with the Italian EDISON SpA.
In the sector of Exploration and Production of hydrocarbons, the Group operates in Egypt (regions of West Obayed and Mesaha) and in Libya (j-v with WOODSIDE ENERGY and REPSOL), where later the rights were transferred to the French –Belgian energy Group GDF Suez.
A significant agreement is concluded between HELLENIC PETROLEUM SA and INEOS CHLORVINYLS, one of the largest companies for the production of chlor –alkaline products, for distributing resins in Greece.
HELLENIC PETROLEUM RENEWABLE ENERGY SOURCES S.A. is established, with the purpose of producing, distributing and trading renewable energy sources in energy.