Tsakas, Christos, Drougoutis, A. and Vamiedakis, S.
Journal of Energy History, No 14(1), 2025, p. 172-183.
Type: Articles in scientific journals

Abstract: The paper explores the history of the Greek petroleum industry focusing on the early postwar discussions over the establishment of an oil refinery. Our main argument is that the petroleum industry epitomises the Greek economy’s course from the restoration of its interwar outlook in line with Marshall goals to the rapid industrialisation in view of the opportunities opened up by a special relationship with West Germany. The decisive step toward establishing a refinery in Greece occurred after the end of the Marshall Aid. It was made possible only after West German export credits were released and Greek shipowners entered the country’s fledging petroleum industry.

Keywords: Oil, Oil majors, Shipping, Marshall Plan, Greco-German relations

Open access https://stm.cairn.info/journal-journal-of-energy-history-2025-1-page-172?lang=en.