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HELLENiQ ENERGY CEO Andreas Shiamishis Tops Extel’s 2026 Mid-Cap Oil & Gas Ranking

Andreas Shiamishis, the Cypriot CEO of HELLENiQ ENERGY, ranked first in Extel’s 2026 Emerging EMEA Executive Team survey in the “Mid-Cap Oil & Gas” category.

The recognition comes as HELLENiQ ENERGY expands beyond its traditional refining business and strengthens its position across Southeast Europe’s energy market.

Investors Back HELLENiQ ENERGY’s Strategic Shift

Shiamishis has led the group since 2019, overseeing a broad strategic transformation. During his tenure, HELPE was rebranded as HELLENiQ ENERGY, while the group increased its focus on the energy transition and renewable energy.

The strategy has diversified the company’s business and expanded its international presence. HELLENiQ ENERGY now combines its refining operations with investments aligned with longer-term changes in the energy sector.

Group And Investor Relations Teams Also Recognized

HELLENiQ ENERGY was also named among the “Most Honoured Companies” in its category, while its Investor Relations team received top recognition. The results reflect investor assessments of both the company and its management and communications.

For the group, the recognition adds to its international profile as it expands across the regional energy market.

What Extel’s Survey Measures

Extel’s annual survey evaluates listed companies and executives on management credibility, communication, financial stewardship and capital allocation. Shiamishis has ranked among the sector’s top three executives in recent years.

This year’s survey collected votes from 454 professionals at 247 investment firms. Overall, 401 companies and 603 senior executives across 11 sectors were evaluated.

Shiamishis Maintains Links To Cyprus

Shiamishis, who is from Morphou, remains closely connected to Cyprus, where HELLENiQ ENERGY operates through EKO and is expanding its renewable energy activities.

His ranking places a Cypriot executive at the top of Extel’s 2026 Mid-Cap Oil & Gas category, while the wider results recognize HELLENiQ ENERGY and its Investor Relations team.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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