North Macedonian oil refinery OKTA, owned by Greece’s Hellenic Petroleum, reported a net profit of 7.3 million euros in the first nine months of 2025, up from 2.1 million euros in the same period last year. The company’s sales revenues reached 456 million euros during the period, representing an 18% decrease compared to 2024, while total expenditures fell by 19% to 443 million euros.
OKTA continues to play a key role in North Macedonia’s energy sector as the country’s main fuel supplier, meeting more than half of domestic demand—70% in 2023—and maintaining a notable market share in Kosovo, where it accounted for 36% in 2022. The company operates the Skopje refinery, which has an installed processing capacity of 2.5 million tons per year.
