Hellenic Petroleum

The period during which the sale of heating oil is permitted will be extended beyond April 30, Finance Minister Christos Staikouras said on Saturday, responding to a spike in demand following the sharp drop in prices.

As the country scrambles to deal with the effects of the Covid-19 epidemic, local companies Aegean Airlines and Hellenic Petroleum (ELPE) have joined forces in a solidarity campaign and are offering 10 free flights to bring precious healthcare supplies to Greece.

Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.

Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.

The Greek stock market continued to reap the benefits from the European Central Bank's move to include Greece in its emergency bond-buying program for a second day on Friday, but unlike on Thursday, banks were participating in force. Oil companies led the way, while mid- and small-caps appeared more reserved. There was a marked improvement in turnover.

Despite the adverse environment for refining, Hellenic Petroleum (ELPE) on Thursday reported positive financial results for the last quarter of 2019.

Greek oil enterprise Energean has secured its entry into Block 2 of the Ionian Sea by buying out the stake of French company Total, which had been seeking to disengage from the region for months.

Hellenic Petroleum (ELPE) chief executive Andreas Shiamishis told Kathimerini in an interview that "the transition of the market to the new energy model is now certain and any companies that don't acknowledge that and don't include it in their plans will sooner or later face problems."

Nine groups submitted a letter of interest in the full ownership of DEPA Infrastructure, a new company to be created by the partial division of the Greek public natural gas company's (DEPA) infrastructure section, by the deadline on Friday.

Greece's biggest oil refiner, Hellenic Petroleum, said on Monday it will finance and operate a 204 megawatt solar energy plant in northern Greece to tap into the country's shift from coal to renewables.

After a particularly quiet session on the Greek bourse, with the lowest turnover of the last four-and-a-half months, the benchmark at Athinon Avenue ended its four-day rising streak on Monday with a slight decline, mainly due to the bank losses.