Motor Oil (Hellas) Corinth Refineries S.A.

Motor Oil and GEK TERNA signed a binding agreement on 10 July 2025 to establish a joint venture in power generation from natural gas thermal plants and supply of electricity and natural gas. Motor Oil will contribute its stakes in NRG Supply and Trading and 50% of Komotini, plus €79 million cash; GEK TERNA will contribute its stake in HERON and 50% of Komotini. Each will hold 50% of the joint venture.