ATHENS: Greece's biggest oil refiner Hellenic Petroleum expects a core profit of up to 700 million euros in 2016, from 758 million in 2015, chairman Efstathios Tsotsoros said on Tuesday.
Tsotsoros said Hellenic would need investment of 400 million euros for 2016-21 to make their refineries more efficient and up to date with the latest technology.
The group has spent 2.5 billion euros to upgrade its refineries in recent years.