Jugopetrol AD Kotor is the largest petroleum

Petroleum

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

 company in Montenegro

Montenegro

Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...

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The company was established in Kotor

Kotor

Kotor is a coastal city in Montenegro. It is located in a secluded part of the Gulf of Kotor. The city has a population of 13,510 and is the administrative center of the municipality....

 on 12 April 1947 at the early beginnings of oil operations in the former Yugoslavia.

The company started its first oil

Oil

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils....

 exploration in 1970. The company has a total of 40 petrol stations in all major Montenegro

Montenegro

Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...

 cities Budva

Budva

Budva is a coastal town in Montenegro. It has around 15,000 inhabitants, and it is the centre of municipality...

, Tivat

Tivat

Tivat is a coastal town in southwest Montenegro, located in the Bay of Kotor...

, Kotor

Kotor

Kotor is a coastal city in Montenegro. It is located in a secluded part of the Gulf of Kotor. The city has a population of 13,510 and is the administrative center of the municipality....

, Bar

Bar, Montenegro

Bar is a coastal town in Montenegro. It has a population of 17,727...

 and Podgorica

Podgorica

Podgorica , is the capital and largest city of Montenegro.Podgorica's favourable position at the confluence of the Ribnica and Morača rivers and the meeting point of the fertile Zeta Plain and Bjelopavlići Valley has encouraged settlement...

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Since 2002 Jugopetrol Kotor is owned by Greek

Greece

Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....

 company Hellenic Petroleum

Hellenic Petroleum

Hellenic Petroleum S.A. is the largest oil refining company in Greece and with its roots dating to 1958 with the establishment of the first oil refinery in Greece ....

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