In particular, the Memorandum of Cooperation establishes the following agreements on behalf of the companies involved:
- The transportation of confiscated renewable energy products, carried out at the companies' own risk and expense.
- The secure storage of these products within facilities that meet the prescribed safety and security standards.
- The re-refining of the confiscated products within a short time frame, with payment to the Independent Authority for Public Revenue (AADE) for a reasonable price, as well as the applicable duties and taxes.
This collaboration achieves the following outcomes:
- Faster, safer, and more efficient management of confiscated flammable energy products, benefiting both the environment and the economy.
- Protection of the health and safety of employees and business partners through the immediate removal and proper storage of hazardous and flammable materials.
- Cost savings for the state budget through:
- The companies assuming full responsibility for storage, collection, and transportation.
- The re-refining of the product, reducing the need for destruction.
- Strengthening public-private cooperation on matters of mutual interest, particularly in the fight against smuggling and the management of crises related to flammable energy products.
A key element of this collaboration is the exchange of information and mutual support, particularly in the following areas:
- Assessing the volume, sources, and causes of the illegal trafficking of energy products.
- Taking proactive measures to prevent such trafficking.
- Monitoring and tracking the trafficking of illegal energy products.
- Implementing the re-refining process for confiscated illegal energy products, ensuring their effective removal from circulation.
Giorgos Pitsilis, the Governor of the Independent Public Revenue Authority, commented:
"With dedication and responsibility, we join forces and are ready to work together towards a common goal: a sustainable, transparent, and fair energy market that serves the public interest and protects society as a whole, for whose service we have committed our efforts and vision."
