Petrolina, the Cypriot petroleum company and one of the largest organizations in Cyprus
Company Profile
Petrolina (Holdings) Public Ltd ("Petrolina"), the Cypriot petroleum company that leads the Petrolina Public Group*, is one of the largest organizations in Cyprus and operates in the local energy sector playing a leading role in the economic and social development of the island.

With six decades of experience, embracing specialized technical expertise and experienced human resources, Petrolina reliably supports the needs of retail and corporate customers covering the entire spectrum of the Cypriot economy, providing high-quality competitive products and services.

Petrolina (Holdings) Public Ltd (C 1018), a public company listed on the Cyprus Stock Exchange (CSE) since 2000, having grown organically and through acquisitions, has one of the largest networks of service stations in Cyprus under the brand names Petrolina, Eni and Agip. Also, through the subsidiary company SILK OIL S.A., it has points of sale for liquid fuel in Greece. In addition, it owns liquid fuel depots at Vasiliko in Cyprus as well as at Samos and Chania, while it operates through its associated companies in the jet fuel into-plane sector at Larnaca and Paphos airports in Cyprus as well as at the Greek airports of Athens, Thessaloniki, Heraklion and Zakynthos.

Exercising corporate vision and consistent strategies, Petrolina contributes to innovation by investing in the latest environmentally responsible infrastructures, meeting the highest international standards. The name Petrolina is synonymous with guaranteed quality and stability, assured development and progress.

By prioritizing the principles of Sustainable Development as a strategic target, Petrolina’s operations display absolute respect towards the coexistence of economic development, environmental protection and social cohesion. The implementation of Sustainable Development strategies, the protection of the environment and the restriction of climate change represent important challenges for Petrolina to which it is fully committed, adopting policies that ensure the company’s financial resilience, business continuity and sustainable development.

Inextricably linked to the community as a whole, Petrolina implements a coherent corporate social responsibility program and contribution policy covering a broad range of activities, thus responding in practice to the respective needs of the Cypriot society.

Our vision

Our company's vision is to continue to maintain a presence wherever Cypriots operate and create, offering excellent quality products and services at competitive prices, with respect towards the consumer and the environment. This vision stems from our company's values: commitment and dedication to the consumer, respect for the individual, teamwork and integrity in all our transactions.

Board of Directors
Background

The roots of Petrolina extend as far back as 1946 when the five Lefkaritis brothers, Nikos, Takis, Kallis, Kikis and Nakis founded the Lefkaritis Bros General Partnership. Its initial activity was in the field of land transportation and the running of the Lefkaritis Motors cooperative, importing and trading in vehicles and accessories.

These two activities merged in 1968, forming the first company of the Lefkaritis Group under the name Lefkaritis Bros Ltd, creating the largest land transportation organization in Cyprus. Its trademark green buses served the Cypriot citizen island-wide.

In 1959, Lefkaritis Bros Ltd founded Petrolina Ltd, the first Cypriot company to import, distribute and trade in petroleum products.

In 1960 the official inauguration of the company took place. Petrolina was to become one of the leading firms in the country, making an indelible mark on the economic growth and prosperity of Cyprus.

Landmark developments
SUBSIDIARIES AND ASSOCIATE COMPANIES

Petrolina (Holdings) Public Ltd Group comprises the following subsidiary and associate companies:

An associate company since its establishment in September 2000, with a 33% participation in voting rights, operating in the field of aircraft refueling at Larnaka and Paphos airports.

Trading under the brand- name HAFCO: A fully-owned subsidiary company from August 2013 to June 2014, and since then an associate company with a 33% participation in voting rights, operating in the storage and throughput of jet fuel at Greek airports.

An associate company since its establishment in March 2009, with a 50% participation in voting rights, operating in the field of LPG storage.
An associate company since its establishment in November 2016, with a 33% participation in voting rights, operating in the storage and throughput of liquid petroleum gas at ​​Vassiliko.

Α subsidiary company since November 2003 with 100% participation in voting rights. The company’s initial field of activity was in the refueling of aircrafts at Larnaka airport. Today the company is dormant, as its commercial activities have been transferred to the associate company PPT Aviation Services Ltd.

A wholly-owned subsidiary company from July 2014 to August 2017, thereafter a subsidiary company with a 75% participation in voting rights until December 2018, and since then an associate company with a 40% participation in voting rights. The company’s field of activity is in the storage and throughput of jet fuel at Larnaka Airport.
A wholly-owned subsidiary company since October 2019, active in the field of storage and fuel- management services in the ​​area of Volos, Greece.
A wholly-owned subsidiary company since December 2020, parent company of SILK OIL Ltd.
A wholly-owned subsidiary company since December 2020, operating in the storage and throughput of petroleum products through its own terminals at Samos and Chania, as well as in the trading of petroleum products in Greece via a network of service stations under the Silk Oil brand-name.
A wholly-owned subsidiary since June 2020, operating in the real estate industry.
Vassiliko fuel-storage terminal