Elinoil Hellenic Petroleum Co

What Elinoil Hellenic Petroleum Co does

Elinoil Hellenic Petroleum Co (ΕΛΙΝΟΙΛ - ΕΛΛΗΝΙΚΗ ΕΤΑΙΡΙΑ ΠΕΤΡΕΛΑΙΩΝ Α.Ε.) is a publicly traded Greek integrated energy provider headquartered in Kifissia, listed on the Athens Stock Exchange (ATH: ELIN), and operating for over 65 years across fuels, lubricants, electricity, natural gas, and marine services. Its core product platform is built on three integrated pillars: (1) downstream petroleum — a nationwide petrol station network of company-owned and cooperating stations selling Crystal Next next-generation fuels (diesel and unleaded with claimed efficiency gains of up to 10% and 8% respectively), heating oil, LPG, marine lubricants (mareTec), vehicle and industrial lubricants (autoTec, dieselTec, agroTec, motoTec, heavyTec, gearTec, transTec, greaseTec, multiTec), solid fuels (petcoke, anthracite, metallurgical coke, coal, flexicoke), and yachting services; (2) retail electricity and natural gas — supplied nationally under the Power On! and Gas On! brands with residential and business tariffs in green, fixed-rate Blue 12M, and zero-emission variants, plus bundled Dual Energy packages; and (3) digital services — including the e-card/e-card Prepaid corporate fleet program, the elin up mobile loyalty rewards on the Roadcube platform, DEI Blue EV charging at stations, and the my.elin.gr self-service customer portal.

The company operates three wholly-owned subsidiaries (elin Techniki for technical services, elin Naftiki/Shipping for maritime operations, elin Stathmoi for station operations) and three liquid fuel plants (Aspropyrgos near Athens, Porto Lagos in northern Greece, Agria Volou in Thessaly), supported by a Thessaloniki regional office. Revenue is generated through a mix of transaction-based streams (fuel, lubricants, heating oil, marine, solid fuels, international trade) and subscription/recurring streams (electricity, natural gas, e-card corporate fleet). Customer acquisition runs through digital channels (energy.elin.gr e-contract forms, my.elin.gr, mobile apps), a contact center (800 4000 800), and the national station network. The customer base spans residential consumers, business and industrial accounts, and a marine/yachting niche. New governance was constituted in January 2026 with Ioannis Aligizakis as Chairman and Ioannis Diamantopoulos as Managing Director/CEO.

Name

Elinoil Hellenic Petroleum Co

Legal name

ΕΛΙΝΟΙΛ - ΕΛΛΗΝΙΚΗ ΕΤΑΙΡΙΑ ΠΕΤΡΕΛΑΙΩΝ Α.Ε.

Website

https://elin.gr

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Elinoil Hellenic Petroleum Co is a publicly traded Greek integrated energy provider (ATH: ELIN) operating a nationwide petrol station network alongside retail electricity, natural gas, lubricants, heating oil, marine fuels, and solid fuels for residential, business, industrial, and yachting customers across Greece.

Ownership category

akta.pro rank

Product category

Retail Fuel and Energy Distribution

NAICS

Gasoline Stations with Convenience Stores (45711), Other Gasoline Stations (457120), Petroleum Bulk Stations and Terminals (424710), Fuel Dealers (45721)

SIC

Retail-Auto Dealers & Gasoline Stations (5500), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA)

akta.pro secondary industries

Fuel Pricing, Loyalty & Payments Platforms (POS, Mobile Pay, Fleet Cards, Loyalty Programs) (EUALAIAK), Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE), Base Oil Production & Supply (Group I–V, Re-refined) (EUALAJAA)

Keywords

• Retail petrol stations
• Electricity and gas supply
• Heating oil distribution
• Industrial lubricants
• Marine refueling services

Headquarters

HQ city

Kifissia

HQ country

Greece

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Retail Fuels (Petrol Stations): Sale of automotive fuels (Crystal Next unleaded and diesel), liquefied petroleum gas, and related products through company-owned and cooperating petrol station network across Greece.
2. Electricity Supply: Supply of residential and business electricity nationwide in Greece, with fixed-rate (Blue), green, and zero-emission tariff plans.
3. Natural Gas Supply: Supply of natural gas to residential and business consumers in areas connected to natural gas distribution networks, as well as CNG for remote areas.
4. Heating Oil: Sale and distribution of heating oil to residential consumers through central distribution.
5. Yachting Services: Refueling and related services for yachts and marine vessels.
6. Lubricants (Vehicle, Industrial & Marine): Production and sale of lubricants for vehicles (autoTec, dieselTec, agroTec, motoTec), industry (heavyTec, gearTec, transTec, greaseTec, multiTec), and marine applications (mareTec).
7. Solid Fuels & Industry: Trading of solid fuels including petcoke, anthracite, metallurgical coke, coal, flexicoke, and industrial products.
8. International Trade: Cross-border trading of energy products.
9. Corporate Fleet Services (e-card): Corporate fleet card services providing fuel and related purchases management for business vehicle fleets.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Elinoil Hellenic Petroleum Co is an integrated Greek energy provider that sells fuels (including its proprietary Crystal Next unleaded and diesel), vehicle/industrial/marine lubricants, heating oil, solid fuels, yachting and marine bunker services at Greek ports, and electricity and natural gas to residential and business customers. The company operates a nationwide petrol station network and provides corporate fleet e-card management and an elin up loyalty program, with three operating subsidiaries (elin Techniki, elin Shipping Company, elin Stations) supporting its energy supply chain.

Product overview

Elinoil Hellenic Petroleum Co (ΕΛΙΝΟΙΛ - Ελληνική Εταιρία Πετρελαίων Α.Ε.) is an integrated energy provider and fuel company operating across Greece. The product portfolio is organized as a platform-plus-modules architecture centered on three core pillars: (1) downstream petroleum products — a nationwide network of petrol stations selling Crystal Next next-generation fuels (Diesel Crystal Next, Unleaded Crystal Next), heating oil, yachting services, marine and vehicle/industrial lubricants, solid fuels, and international trade; (2) retail electricity and natural gas — supplied through Power On! and Gas On! plans respectively, with bundled Dual Energy packages; and (3) digital services — including the e-card corporate fleet solution, the elin up rewards loyalty program, EV charging stations (DEI Blue), and the my.elin.gr customer portal. Subsidiaries include elin Techniki (technical services), elin Naftiki (shipping), and elin Stathmoi (stations).

Differentiator

Problem solved

Functional benefit

Brands

• Crystal: New Generation fuels brand including Diesel Crystal Next and Unleaded Crystal Next
• Power On!
• Gas On!
• Dual Energy
• ελίν up
• ε-card
• my elin

Products and services

• Crystal Next Fuels Elinoil's proprietary next-generation unleaded gasoline and diesel fuel line, formulated for improved fuel economy and reduced emissions, available across the company's petrol station network and for marine/yachting refueling at Greek ports.
• Elinoil Vehicle and Industrial Lubricants

Quantifiable outcome

• Up to 10% fuel savings with diesel Crystal Next vs standard diesel
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• elin Techniki (Subsidiary)coreOthersWholly-owned subsidiary of Elinoil providing technical services related to the company's operations.
• elin Shipping Company (Subsidiary)coreOthersWholly-owned maritime subsidiary of Elinoil handling marine operations and related services.
• elin Stations (Subsidiary)coreOthersWholly-owned subsidiary of Elinoil managing the petrol station network operations.
• Hellenic Olympic Committee (EOC)flagshipGTM or Marketing PartnerMulti-year sponsorship partnership supporting the Hellenic Olympic Committee, Olympic flame ceremonies, and Greek athletes. Elinoil provides free fuel cards to 48 pre-olympic athletes and has supported Olympic long jump champion Miltos Tentogkou since 2022.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BP Hellas: Greek affiliate of BP operating branded fuel stations and lubricant distribution nationwide. Competes in the same retail fuel and B2B lubricants segments as Elinoil, with the added advantage of global brand and procurement scale.
• Hellenic Petroleum (HELLENiQ ENERGY): Greece's largest oil refining and marketing company operating the EKO brand network nationwide. Directly comparable as a Greek downstream fuel retailer and broader energy group, though materially larger and vertically integrated with refining capacity that Elinoil lacks.
• Motor Oil Hellas: Major Greek refiner and fuel marketer with a Corinth refinery and branded retail network. Competes head-to-head with Elinoil in wholesale and retail fuel across Greece and the Balkans, with similar product breadth (fuels, lubricants, convenience).

Direct peers

• Elpedison: Greek electricity and natural gas supplier serving both residential and business customers nationwide. Direct competitor in the Greek retail electricity and gas market, mirroring Elinoil's Dual Energy bundling strategy.
• Aegean Oil: Greek downstream petroleum company operating fuel marketing and lubricant distribution. Comparable in product breadth — fuels, lubricants, marine — though smaller in retail footprint than Elinoil.
• Coral (Shell licensee in Greece): Greek fuel marketing company operating Shell-branded petrol stations across Greece. Directly comparable retail fuel network peer, competing with Elinoil at the forecourt with similar consumer and fleet offerings.
• HERON (GEK TERNA / Viohalco JV): Greek electricity and natural gas retailer competing in the same liberalized retail energy market as Elinoil. Comparable bundled offerings for households and businesses, including fixed-rate and green tariff products analogous to Power On! and Gas On!.
• Revoil: Greek petroleum products company operating petrol stations, fuel wholesale, and lubricants. Mid-cap domestic peer with overlapping retail fuel network, fleet services, and industrial lubricant offerings directly competitive with Elinoil's portfolio.
• AVIN Oil: Greek downstream petroleum company operating a nationwide petrol station network, fuel distribution, and lubricants. Closely comparable in scale and product mix to Elinoil, competing directly for retail customers and corporate fleet accounts across Greece.
• Protergia (Mytilineos Energy & Metals subsidiary): Greek independent electricity and natural gas retailer supplying residential and business customers. Directly comparable to Elinoil's Power On! and Gas On! retail energy offerings as both compete for share in Greece's liberalized electricity market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elinoil Hellenic Petroleum Co