EL.P.ET. Balkaniki S.A. (EL.P.ET.) was founded in 1999 as a Limited Liability Petroleum, Trading and Investment Company. It is a subsidiary of the Hellenic Petroleum Group of Companies. The company is principally involved in the petroleum trading and investment. It handles its activities through its two subsidiaries namely OKTA A.D. Skopje for refining activities and VARDAX S.A. for the distribution activities by the pipeline. EL.P.ET. is headquartered in Maroussi, Greece.