Hellenic Petroleum and the National Iranian Oil Company (NIOC) have reached a long term agreement, following series of deliberations in Athens and Tehran, that includes:

- Cooperation for the supply of crude oil, with immediate start of deliveries.
- Settlement of financial liabilities, which originated from the international sanctions imposed on Iran in 2011.

The management of Hellenic Petroleum expresses its satisfaction for the agreement, which is beneficial for both parties.

About Hellenic Petroleum

Founded in 1998, Hellenic Petroleum is one of the leading energy groups in South East Europe, with activities spanning across the energy value chain and presence in 7 countries. Its shares are primarily listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock exchange (LSE: HLPD/98LQ).

Hellenic Petroleum’s key shareholders are Paneuropean Oil and Industrial Holdings S.A. (42.6%) and the Hellenic Republic Asset Development Fund (35.5%), with the remaining held by institutional (15.3%) and private (6.6%) investors.