Galp
| Galp Energia SGPS , SA
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | PTGAL0AM0009 |
| founding | 1999 |
| Seat |
Lisbon , Portugal
|
| management | Américo Ferreira de Amorim (Non-Executive) Chairman of the Board , Carlos Gomes da Silva ( CEO ) |
| Number of employees | 7,381 (2012) |
| sales | 16.8 billion euros. (2012) |
| Branch | Mineral oil , natural gas and logistics |
| Website | www.galp.com |
The Galp Energia is in on 22 April 1999 Lisbon based Portuguese company and owner of the two companies Petrogal SA and Gas de Portugal SGPS, SA It is as Petróleos e Gás de Portugal SGPS, SA , the largest Portuguese companies and the world in the oil and Gas business. After the market value of € 968 million, Galp Energia is the second most valuable company in Portugal (2013).
Galp Energia is the only Portuguese oil and natural gas operator. Their activities range from the exploration and production of oil and natural gas to refining, and from marketing to power generation . The company is also active in trade , logistics and retail, as well as renewable energies. The company's market value is estimated at EUR 12.4 billion. The share is listed in PSI 20 .
history
Sacor, Cidla, Sonap, Petrosul and Petrogal were the main Portuguese companies that made up the current Galp Energia. Sacor was one of the first Portuguese oil companies. In 1954, Sacor expanded its activities into the overseas territories of Portugal, where petroleum was found from the 1950s. About 80% of the demand for gasoline , diesel and kerosene came from the Portuguese province of Angola at the time and had to be transported to the mainland and refined. In 1957, Sacor was also involved in establishing another oil company, Moçacor, in the former province of Mozambique.
After the Carnation Revolution in 1974, Portugal gave its overseas provinces independence. As a result, 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, SA (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 imports natural gas to Portugal via the international Maghreb-Europe pipeline (MEP) and via the Sines terminal . It is responsible for the transport, storage and delivery of natural gas via the Portuguese high pressure pipeline network. The activities of GDP also extend to the supply of natural gas to large industrial customers as well as the development and future operation of the first underground natural gas cavern storage facilities in Portugal. In addition, GDP currently controls five of the six local distribution companies in the Portuguese market through GDP Distribuição (GDPD).
Sonangol wants a share
The Portuguese businessman Américo Amorim holds a 33.34% stake in Galp Energia, which was partially privatized by Portugal for the first time in 2000, through his company Amorim Energia . The Italian Eni holds a further 33.34% . After sales talks between Eni and the Brazilian company Petrobras in January 2011 were unsuccessful, the focus is now on the Angolan state oil company Sonangol . It holds 45% of Amorim Energia through the offshore holding Esperanza , together with the president's daughter Isabel dos Santos .
Ownership structure
Galp Energia went public on the Lisbon Stock Exchange in 2006 . The Galp Energia share has a weighting of 15.45% in the Portuguese Stock Index 20.
| proportion of | Shareholders |
|---|---|
| 54.66% | Free float |
| 38.34% | Amorim Energia |
| 7.0% | Parpública (public holdings) |
Individual evidence
- ↑ Data on Galp website (English)
- ↑ Maiores Empresas Portuguesas , economias.pt, accessed on March 16, 2015
- ↑ As 20 Marcas Portuguesas Mais Valiosas , economias.pt, accessed on March 16, 2015
- ↑ Quarterly results 2011, last paragraph April 15, 2011 (English)
- ↑ Angola's Sonangol negotiates direct stake in Portugal's Galp Energia February 21, 2011 (English)
- ↑ Angop: Sonangol negotiates direct participation in Galp February 25, 2011 (English)
- ↑ Shareholder structure