A strategic energy infrastructure
We operate in the distribution of liquid fuels in Greece and the Republic of North Macedonia through our subsidiary, Vardax, while also promoting cross-border cooperation and ensuring reliable supply across the wider region.
With the resumption of its commercial operation after nearly 14 years, the Vardax underground pipeline returns as a modern energy infrastructure of strategic importance. The pipeline connects the Group’s industrial facilities in Thessaloniki with OKTA’s facilities in Skopje. Through its upgrade and reactivation, we strengthen our role as a regional energy provider and we make a meaningful contribution to supply stability and energy security in Southeast Europe.
Infrastructure characteristics
Date of construction
Total pipeline length
Annual transport capacity
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Energy development and outlook
- We ensure a stable and reliable fuel supply
- We reduce the need for road transportation
- We establish an alternative energy corridor for the Balkans
- We enhance exports from Greece
- We support the economic development of the Republic of North Macedonia
- We establish a benchmark for cross -border cooperation in the energy sector
- We position Greece as an energy gateway to Southeast Europe
- We align with European energy policies and objectives
Cross-border cooperation and energy stability
The resumption of the infrastructure serves as a model of effective cross-border cooperation and aligns with our strategy to develop modern energy infrastructure in Southeast Europe. Through a clear and functional regulatory framework, we strengthen commercial activity through exports, while we support regional energy security, reaffirming the Group’s role as a regional, integrated energy player.
See more in the Press Release from the pipeline inauguration
Energy
Our diversified portfolio in the oil and gas value chain includes refining, supply and trading of oil and petrochemical products, hydrocarbon exploration & production and fuels marketing, while rapidly growing in renewable energy. Through JVs and participation, we have a significant presence in the power generation, supply and trading of natural gas and electricity.