Galp Energia

The Galp Energia is a company founded in Lisbon on 22 April 1999, a Portuguese company, and owner of two companies Petrogal SA and Gas de Portugal, SGPS, SA. than you Petróleos de Portugal SGPS e gás, SA worldwide in the oil and gas business operates.

Galp Energia is the only Portuguese oil and natural gas operators. Its activities range from the exploration and production of oil and natural gas to refining and from marketing to generate electricity. Even in retail, logistics and retail business, as well as renewable energy, the company is successful. The market value of the company is estimated at 12.4 billion euros. The stock is listed on the PSI 20.

History

Sacor, CIDLA, SONAP, Petrosul and GALP were the major Portuguese companies that make up the current Galp Energia was formed.

Sacor was one of the first Portuguese oil companies. In 1954 Sacor expanded its activities in the overseas territories of Portugal, where in the 1950s, oil was found. About 80 % of the demand for gasoline, diesel and kerosene were from the former Portuguese province of Angola and had to be transported and refined on the mainland. In 1957 Sacor was also involved in the establishment of another oil company, the MOÇACOR, in the former province of Mozambique.

After the Carnation Revolution in 1974, Portugal was losing its overseas provinces to independence. Subsequently, these were nationalized. In Portugal Petrogal was formed in April 1976 by ​​the four companies Sacor, CIDLA, SONAP and Petrosul.

Gás de Portugal

Gás de Portugal SGPS, S. A. (GDP ) is the leading gas company in Portugal. GDP is a 100 % subsidiary of Galp Energia, which is currently jointly controlled by the Portuguese State and ENI. Its activities extend to the oil and gas sector. Through its subsidiary Transgás GDP leads natural gas through a Maghreb -Europe pipeline (MEP) and the terminal one Sines in Portugal. She is responsible for the transportation, storage and delivery of natural gas through the Portuguese high -pressure pipeline network ( the "transmission system "). The GDP is also extend to the supply of natural gas to large industrial customers and the development and future operation of the first underground natural gas storage caverns in Portugal. In addition, GDP currently controls over GDP Distribuição ( GDPD ) five of the six local distribution companies in the Portuguese market.

Sonangol wants to share

At the of Portugal for the first time partially privatized in 2000 Galp Energia, the Portuguese businessman Américo Amorim holds about his company Amorim Energia a share of 33.34%. Other 33.34 % is held by Italian Eni. After sales talks between Eni and the Brazilian Petrobras led to no result, in January 2011, all eyes now turn to the Angolan state oil company Sonangol. Keeps you informed of the offshore Esperanza Holding, together with the president's daughter Isabel dos Santos, 45 % of Amorim Energia.

Ownership structures

Galp Energia gingt in 2006 on the Lisbon Stock Exchange. The shares of Galp Energia has on the Portuguese Stock Index 20 a weighting of 15.45 %.

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