Anonima Petroli Italiana or simply api (in lower case) is a large

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

company in

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

. It is a provider of

crude oil Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

for the

petrochemical industry The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstream sector. Compan ...

and a distributor of

petroleum product Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. The m ...

s. It is the most important

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of the

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

Gruppo api (api Group), which also includes api Raffineria di Ancona SpA, api Energia SpA, Festival SpA, apioil Ltd, api GmbH and api Services Ltd. It is headquartered in Rome, Italy.

Description

The company was founded in

Ancona Ancona (, also , ) is a city and a seaport in the Marche region in central Italy, with a population of around 101,997 . Ancona is the capital of the province of Ancona and of the region. The city is located northeast of Rome, on the Adriatic S ...

in 1933 by Ferdinando Peretti. It operates as a strategic coordinator of all api group's activities, through the direct supplying of semi-finished crude oil and assigned in the production, the acquisition of finished products and their transport, the exchanges with other oil companies to optimize the distributive logistics, the complementary activity of trading of crude oil and by-products to clients, and the sale of all the by-products in Italy and to foreign countries. It also is dedicated to operate and develop

and

gas field A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...

properties. It owns a

refinery A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw material into products of value. Types of refineries Different types of refineries ...

in Ancona with a capacity of 3.9 million tonnes/year and an electric

power plant A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many pow ...

of 250 MW. In 2005, it acquired the IP gas station chain from ENI. After a few years running the chains in parallel, it switched all its stations to a revamped IP image and now supplies around 4,200 filling stations (up from around 1,600 at the time of the acquisition) with a market share of 11%. In 2017,

Total SA TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and ...

and ERG SpA signed an agreement with Anonima Petroli Italiana SpA, to sell the fuel marketing and refining assets in their TotalErg joint venture. Total has stated that the reason behind this divestment is that the Italian fuel market is highly fragmented and the company's expectations for profitability have not been met. The company derives its revenue from two main sources. Firstly, they distribute semi-finished crude oil products to customers to use in the rubber and other associated industries. These products are being sold in both domestic and international markets. Secondly, the company generates income from the ownership and operations of the IP gas station chain. After purchasing 2,600 gas stations from the company

ENI Eni S.p.A. () is an Italian multinational energy company headquartered in Rome. Considered one of the seven "supermajor" oil companies in the world, it has operations in 69 countries with a market capitalization of US$54.08 billion, as of 11 Ap ...

, API currently manages over 4,200 gas stations, which are supported by the company's own oil products.

References

official company site
Electric power companies of Italy Oil and gas companies of Italy {{petroleum-company-stub