Motor Oil (Hellas) Corinth Refineries S.A. - Unsponsored ADR (MOHCY)

Overview

Motor Oil (Hellas) Corinth Refineries S.A. is a prominent player in the oil industry, with operations spanning both Greece and the international market. Established in 1970, the company has grown to encompass a wide range of activities in the oil sector. It operates through four main segments: Refining Activity, Fuels' Marketing Activity, Power & Gas, and Other. The business’s core involves oil refining and trading oil products, but it has diversified its operations to include marketing and distribution, power and gas supply, and even real estate development among other services. Headquartered in Marousi, Greece, Motor Oil (Hellas) Corinth Refineries S.A. has established itself as a key provider of oil and petroleum products, supporting industries, transportation, and households with its offerings.

Products and Services

• Liquid Fuels, Lubricants, and Asphalt:

  Motor Oil (Hellas) produces and markets a comprehensive range of products for transportation, industrial, and household use. This includes various types of gasoline, diesel, and lubricants for vehicles, as well as asphalt for construction and infrastructure projects.

• Fuel Oil Products Distribution:

  The company has an extensive retail network through which it distributes oil products, including gasoline, diesel, fuel oil, and lubricants. This network encompasses service stations that serve a wide array of customer needs, from fueling cars to providing lubricants for machinery and equipment.

• Gas Stations Operation:

  Motor Oil (Hellas) operates gas stations, providing customers with easy access to fuels and lubricants. These stations are strategically located to serve drivers across Greece and beyond, offering quality fuels and a range of automotive products.

• Used Lubricants Collection and Trading:

  The company is involved in the environmentally responsible activity of collecting and trading used lubricants. This service underscores its commitment to sustainability and the circular economy, by ensuring the proper collection, recycling, or disposal of used lubricants.

• Crude Oil Exploration and Trading:

  Motor Oil (Hellas) also engages in the research, exploration, and trading of crude oil. This aspect of its business contributes to the overall supply chain of oil and petroleum products, ensuring that the company has access to the raw materials needed for its refining operations.

• Liquefied Petroleum Gas (LPG) Marketing and Distribution:

  Additionally, the company markets and distributes Liquefied Petroleum Gas (LPG), catering to both domestic and industrial uses. LPG is a versatile and cleaner fuel option, used in households for cooking and heating, as well as in various industries as an alternative fuel source.

• Aircraft Fuel Supply and Storage Facilities Management:

  Motor Oil (Hellas) operates the aircraft fuel supply system and manages storage facilities at the Athens International Airport. This service highlights the company’s role in supporting the aviation industry with reliable fuel supply and storage solutions.

• Real Estate and Facilities Management:

  The company is engaged in the purchase, sale, exploitation, and development of real estate properties. It also offers facilities management services, adding to the diversity of its business operations and leveraging its expertise beyond the oil sector.

• Waste Management and Financial Services:

  Motor Oil (Hellas) provides waste management services, further emphasizing its commitment to environmental sustainability. Additionally, it offers financial services, demonstrating its versatility and the breadth of its commercial interests.