CEO of Greek Hellenic Petroleum (ELPE) Gregoris Stergioulis announced new investments in daughter companies that the group has in Montenegro, Serbia, Macedonia, Bulgaria and Cyprus.
After the annual Shareholders’ Assembly held last week, Stergioulis explained that the company estimated that by 2023 the main fuel for cars will remain diesel and petrol, therefore the company invested 2.5 billion euros in its three refineries in Greece in order to adapt them to demanding European standards.
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Tags: ELPE, fuel, fuel market, investment, Montenegro, oil