Q3 2020 Motor Oil Hellas Corinth Refineries SA Earnings Call Transcript
Thank you for standing by, ladies and gentlemen, and welcome to the Motor Oil Conference Call on the Third Quarter and 9 Months 2020 Financial Results. We have with us Mr. Petros Tzannetakis, Deputy Managing Director and Chief Financial Officer; and Ms. Mary Psyllaki, IR Officer of the company. (Operator Instructions) I must advise you that this conference call is recorded today.
We now pass the floor to your speaker today, Mr. Petros Tzannetakis. Please go ahead, sir.
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Difficult, I know every time, my name is difficult to pronounce still. Hello to all of you. Good morning, good afternoon, good evening. Another conference call in a difficult period for the Q3 and 9 months results.
During this last quarter, the particularly adverse refining environment with negative benchmark margins continued. Weak product cracks with significant inventory overhang affected the markets. The
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