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Empresa Nacional del Petróleo

From Wikipedia, the free encyclopedia

Empresa Nacional del Petróleo
IndustryOil and gas industry
Founded1950 (1950)
Headquarters
Las Condes
,
Chile
Key people
Gloria Maldonado, Chairwoman
Julio Friedmann Encina, Chief Executive Officer
ProductsPetroleum
RevenueIncrease $7.6 billion (2021)[1]
Increase $141.5 million (2021)[1]
Total assetsIncrease $6.9 billion (2021)[2]
Total equityIncrease $1.0 billion (2021)[2]
Number of employees
3,312 (2021)[3]
Websitewww.enap.cl

Empresa Nacional del Petróleo, or ENAP (English: National Petroleum Company) is a state-owned company in Chile, based in Las Condes. The company is engaged in the exploration, production, refining, and marketing of hydrocarbons and their derivatives.

Corporate overview

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ENAP was created by Law No. 9618, on June 19, 1950.[4] It was initially responsible for prospecting and exploiting oil in Tierra del Fuego and the Strait of Magellan, where deposits were discovered between 1945 and 1950.[5]

The company's subsidiary, ENAP Refinerías,[6] operates three refineries: Aconcagua, Bío Bío, and Gregorio.[7] Together they have a total capacity of 238,000 barrels per day (37,800 m3/d), which represents all of Chile's refining capacity.[7] The three refineries supply over 80% of Chile's fuel needs.

ENAP's international exploration and production subsidiary, ENAP Sipetrol ("International Petroleum Company"), was founded in 1990.[8] The company has operations in Argentina, Ecuador, and Egypt,[8] Sipetrol began exploration in Iran in 2001, but had ceased operation there as of 2018.[9] Sipetrol had 49 percent ownership interest in Manu Peru (a gas station chain located in Peru) and Primax Comercial (a gas station chain located in Ecuador), but sold this interest in 2013.[10]

References

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  1. ^ a b Empresa Nacional del Petróleo (19 May 2022). Integrated Report 2021 (Report). p. 121. Archived from the original on 20 May 2022. Retrieved 19 May 2022.
  2. ^ a b Empresa Nacional del Petróleo (19 May 2022). Integrated Report 2021 (Report). p. 123. Archived from the original on 20 May 2022. Retrieved 19 May 2022.
  3. ^ Empresa Nacional del Petróleo (19 May 2022). Integrated Report 2021 (Report). p. 60. Archived from the original on 20 May 2022. Retrieved 19 May 2022.
  4. ^ Murphy, Ewell E. Jr. (Summer 1976). "Latin America: A Petroleum Profile". Vanderbilt Journal of Transnational Law. 9 (3): 513.
  5. ^ Rossello, Eduardo; Haring, Claudio; Cardinali, Guillermo; Suarez, Fabian; Laffitite, G.; Nevistic, A.V. (2008). "Hydrocarbons and petroleum geology of Tierra del Fuego, Argentina". Geologica Acta. 6 (1): 77.
  6. ^ "ENAP Acquired 100% of Petropower Power Plant". Energy Central. 12 December 2016. Retrieved 23 April 2023.
  7. ^ a b Alarcón, Juan Ignacio (10 April 2019). APERC Oil and Gas Security Exercise in Chile (PDF) (Report). Asia Pacific Energy Research Centre. p. 4. Retrieved 23 April 2023.
  8. ^ a b Samir, Sarah (2 September 2021). "ENAP SIPETROL Achieves Earnings of Almost $60 Million in First Semester of 2021". Egypt Oil & Gas. Retrieved 23 April 2023.
  9. ^ ENAP Sipetrol (25 March 2019). Interests in Joint Ventures (Report). pp. 3–4. Retrieved 23 April 2023.
  10. ^ "Chile's ENAP to sell stakes in Ecuador, Peru to Grupo Romero". Reuters. 20 August 2013. Retrieved 23 April 2023.
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