North Macedonian OKTA refinery recorded net profit of 4.3 million euros in 2019

North Macedonian oil refinery OKTA, owned by Greek Hellenic Petroleum remains the main supplier of fuel in North Macedonia , covering more than half of the needs of the domestic market and significant exports to Kosovo. The company owns Skopje refinery with installed capacity of 2.5 million tons.   OKTA recorded a net profit in the amount of some 4.3 million euros in 2019, compared to a net loss of 1.6 million euros recorded in the previous year. The company’s sales revenues rose by 1 % in 2019, reaching 448 million euros, of which 356 million euros was achieved in the domestic market (7 % drop) and 91.5 million euros on the foreign markets, which is 44 % more compared to 2018. OKTA