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Galp Energia

Galp Energia

Industry: 
Energy
Value of USG Contracts: 
11
Symbol: 
ELI:GALP
Country: 
Portugal
Contact Information: 
Sources: 

“Galp Energia is now the only integrated group of oil and natural gas in Portugal, with activities extending from exploration and production of oil and natural gas, refining and distributing petroleum products, distribution and sale of natural gas and the generation of electricity” (Company website, “Galp Energia at a glance”).

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“The largest oil company in Portugal is Petrogal, a wholly-owned subsidiary of Galp Energia, which is owned by the Portuguese government and a collection of international oil and gas operators. Petrogal controls the domestic midstream and downstream oil sectors in Portugal, and maintains modest production activities in Angola and Brazil” (Petrogal Profile, “Oil and Gas in Portugal Exploration and Production”).

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"[Petrogal] is the sole refiner in Portugal with refineries at Oporto and Sines with a distillation capacity of 15.2 million tonnes a year. Petrogal products are marketed under the name GALP. The Petrogal Group includes more than 30 associates and subsidiaries” (Petrogal Profile, "Petróleos de Portugal - Petrogal SA (Petrogal) - Lisbon, Lisboa, Portugal").

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As of April 2010, Petrogal imports 10 thousand barrels of crude oil per day from Iran. (Reuters, Iran’s Crude Oil Buyers in Europe, Asia,” April 18 2010.)

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"Portuguese energy company Galp (GALP.LS) is in talks to explore for oil in Iran, Foreign Minister Luis Amado said on Wednesday. 'For several months there have been conversations between Galp and the National Iranian Oil Company (NIOC) on joint exploration at a field in Iran,' Amado told reporters after meeting with this Iranian counterpart. Amado said the negotiations included both gas and oil" (Reuters, "Galp in talks with Iran on exploration deal-minister," January 23, 2008).