The company was established in
Kotor on 12 April 1947 at the early beginnings of oil operations in
Yugoslavia. The company started its first
oil exploration in 1970. The company has a total of 43 petrol stations in all major
Montenegro cities
Budva,
Tivat,
Kotor,
Bar,
Nikšić and
Podgorica. Since 2002
Jugopetrol Kotor is owned by
Greek company
Hellenic Petroleum. Ultimately, the buyer was Hellenic Petroleum, which in 2014 moved the company's headquarters from Kotor to Podgorica and changed its name from Jugopetrol A.D. Kotor on Jugopetrol A.D. ==See also==