Motor Oil’s readiness to fully utilize the positive momentum in the refining market in combination with the promotion of its investment plan is confirmed by the Group’s management.
During the presentation of the nine-month financial results to analysts, the Group’s Deputy CEO Petros Tzannetakis, emphasized, among other things, that positive messages have been recorded in the fourth quarter of 2025, with the company firmly on track to achieve the investment plan, totaling 4 billion euros by 2030.
According to available data, the domestic fuel market is showing a significant increase in all categories, with estimates indicating that it will continue in the last quarter of the year, due to tourism.
He also said that additional space has emerged from refinery closures over the last five years with the relevant portfolio totaling around 12 refineries in the wider region, which in turn translates into a “gap” of around 1 million barrels per day in terms of capacity.
“This situation is further fueling demand for oil and fuels, leading to a structural bottleneck, which in turn has a beneficial effect on refining margins. The Group’s continued investments in the Corinth refineries have allowed us to capitalize on this market opportunity and have given us a long-term sustainable advantage,” it was specifically stated.
In recent years, the Group has strengthened its processing capacity, the efficiency and resilience of its infrastructure, as well as its ability to produce many different and high-quality products. The above supports the statement expressed by Tzannetakis that “we have now entered the golden age of refining” with the Group declaring its “presence” to exploit the opportunities that will arise.
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