Abstract
This chapter contains a detailed case study of Greece. The chapter starts with an introduction and then presents the upstream, midstream, and downstream sections of the country’s oil value chain. These detailed sections provide much-needed insight into the oil sector of the country and are followed with information on Russian involvement and operations in its oil market. The chapter then concludes with an evaluation of the research indicators showing Russian activity in the oil sector of the country.
This chapter partially builds on and develops a paper entitled ‘Russia’s energy relations in Southeastern Europe: an analysis of motives in Bulgaria and Greece’ (Jirušek, Vlček, & Henderson, 2017), published in the Taylor & Francis journal Post-Soviet Affairs (www.tandfonline.com).
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- 1.
One of the shareholders is Prime Marine, a Greek maritime transportation company specializing in crude oil, chemical products, and natural gas shipping, owned by one of the founding shareholders.
- 2.
EL.P.ET. Balkaniki S.A. is a company jointly controlled by Hellenic Petroleum S.A. (63%) and Consortium of banks APE (37%) (OKTA Crude Oil Refinery A.D., 2014, p. 13).
- 3.
The Latsis family is among the most prominent Greek business families.
- 4.
This company belongs to the prominent Greek business family Vardinoyannis (Michaletos, 2011).
- 5.
For example, the EU sanctions against Russia were never vetoed by Greece and all the official EU statements during the Ukraine crisis were officially supported by the Greek government.
- 6.
Such as the Odessa-Brody-Płock pipeline from Ukraine to Poland, the Constanţa-Trieste from Romania to Italy, the Burgas-Vlorë from Bulgaria to Albania (also known as AMBO), or two Turkish options: Kiyikoy-Ibrice and Samsun-Ceyhan.
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List of Interviews
Interview 01: Athens, Greece, April 18, 2016.
Interview 02: Athens, Greece, April 18, 2016.
Interview 03: Athens, Greece, April 18, 2016.
Interview 04: Athens, Greece, April 19, 2016.
Interview 05: Athens, Greece, April 19, 2016.
Interview 06: Athens, Greece, April 19, 2016.
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Vlček, T., Jirušek, M. (2019). Greece. In: Russian Oil Enterprises in Europe. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-19839-8_8
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