Operating Responsibly

Our efforts are directed towards securing high-quality products for the market and preparations for the more than needed energy transformation in the coming years. The goal of company HELLENiQ ENERGY is to reduce its environmental footprint significantly, in order to combat climate change

Jugopetrol AD (JSC) this year commemorated the 75th anniversary of its existence. This covers a period during which countries, economic systems and the economic environment have changed in these lands. These facts prompted us to ask Vasilis Panagopoulous, Jugopetrol CEO and MFIC Board of Directors member, about the recipe for the company’s success and the extent to which foreign investments can contribute to the growth of individual companies and the Montenegrin economy as a whole.

What was the most important business philosophy thread that enabled you to successfully overcome all market turmoil?

Over the course of the last 75 years, our company has passed through various stages of growth and development, while always respecting basic business principles. This, above all, refers to the quality of products and services, harmonised with the latest technological, safety and environmental trends and standards. We additionally reconstructed our EKO retail network. All components provided us with a stable working and operational environment.

Jugopetrol has been part of the Hellenic Petroleum Group since October 2002, while the group was recently rebranded as HELLENiQ ENERGY. What does this mean for the company’s development?

Being part of a leading energy group brings stability and reliability, which characterise Jugopetrol's operations throughout all these years of supplying the market. Our efforts are directed towards securing high-quality products for the market and preparations for the more than needed energy transformation in the coming years.

With your experience as a member of the Montenegrin Foreign Investors Council Board of Directors, how do you see the most important steps that Montenegro needs to take today to be attractive to new investments in the area of green development? Sustainable investment represents the responsibility and potential of certain branches of the economy to achieve the goals of climate and environmental sustainability. Investors, as well as the Government, must play a key role in reducing greenhouse gas emissions. Hellenic Petroleum presented its new name in 2022: HELLENiQ ENERGY, which forms part of the company’s overall rebranding process. The goal of HELLENiQ ENERGY is to reduce its environmental footprint significantly, in order to combat climate change.