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Galp Energia, SGPS, S.A. is an multinational energy corporation, headquartered in
Lisbon Lisbon (; pt, Lisboa ) is the capital and the largest city of Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a sovereign state, country whose mainland is located on the Iberian Penins ...

Lisbon
,
Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country A country is a distinct territory, territorial body or political entity. It is often referred to as the land of an individual's birth, ...

Portugal
. Galp consists of more than 100 companies engaged in every aspect of the
oil An oil is any nonpolar chemical substance A chemical substance is a form of matter In classical physics and general chemistry, matter is any substance that has mass and takes up space by having volume. All everyday objects that can b ...

oil
and
natural gas Natural gas (also called fossil gas; sometimes just gas) is a naturally occurring hydrocarbon gas mixture consisting of methane and commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide ...

natural gas
supply,
hydrocarbon exploration Hydrocarbon exploration (or oil and gas exploration) is the search by s and for deposits of s, particularly and , in the using . Exploration methods Visible surface features such as s, natural gas seeps, s (underwater craters caused by es ...
and
production Production may be: Economics and business * Production (economics) * Production, the act of manufacturing goods * Production, in the outline of industrial organization, the act of making products (goods and services) * Production as a statistic, g ...

production
;
refining{{Unreferenced, date=December 2009 Refining (also perhaps called by the mathematical term affining) is the process of purification of a (1) substance or a (2) form. The term is usually used of a natural resource that is almost in a usable form, b ...
, trading, logistics and retailing; co-generation and
renewable energy Renewable energy is energy that is collected from renewable resource File:Global Vegetation.jpg, Global vegetation A renewable resource, also known as a flow resource, is a natural resource which will replenish to replace the portion resou ...
. Galp was founded in 1999 through the merger of Petrogal, Gás de Portugal and Transgás.


History

Galp can trace its origins back to 1848 and the installation of Lisbon's first gas street lamps, but the current incarnation was formed through the merger of Petrogal, Gás de Portugal and Transgás, on April 22, 1999. The main historical business components include SACOR, CIDLA, SONAP and PETROSUL. SACOR was one of the first Portuguese oil companies. In 1954, SACOR's activities extended to Portugal's overseas territories; 80% of the
gasoline Gasoline () or petrol () (see the etymology Etymology ()The New Oxford Dictionary of English (1998) – p. 633 "Etymology /ˌɛtɪˈmɒlədʒi/ the study of the class in words and the way their meanings have changed throughout time". is ...

gasoline
,
kerosene Kerosene, paraffin, or lamp oil is a combustible , Germany ) , image_map = , map_caption = , map_width = 250px , capital = Berlin , coordinates = , largest_city = capital , languages_type = Official language , languages = G ...

kerosene
, and
gasoil Fuel oil (also known as heavy oil, marine fuel, bunker, furnace oil, or gasoil) is a fractional distillation, fraction obtained from petroleum distillation. It includes distillates - the lighter fractions, and residue (chemistry), residues - the he ...
transported into the Portuguese overseas province of Angola had to be refined on
continental Portugal Continental Portugal ( pt, Portugal continental; ) or mainland Portugal comprises the bulk of the Portuguese Republic, namely that part on the Iberian Peninsula and so in Continental Europe Mainland or continental Europe is the contigu ...
's territory. The Portuguese discovered oil in their overseas province of Angola in the 1950s. Portuguese-run Sociedade de Lubrificantes e Combustiveis (
ANGOL Angol is a commune and capital city A capital or capital city is the municipality holding primary status in a Department (country subdivision), department, country, Constituent state, state, province, or other administrative region, usually as ...
) was set up in 1953 in Portuguese Angola. By the 1960s, it was also participating in the exploration for hydrocarbons. In 1957, SACOR participated in the establishment of another oil company, MOÇACOR, in the
Portuguese overseas province of Mozambique Portuguese Mozambique ( pt, Moçambique) or Portuguese East Africa (''África Oriental Portuguesa'') was the common terms by which Mozambique Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, ...
. After the
Carnation Revolution The Carnation Revolution ( pt, Revolução dos Cravos), also known as the 25 April ( pt, 25 de Abril, links=no), was initially a 25 April 1974 military coup in Lisbon Lisbon (; Portuguese: Lisboa; ) is the capital and the largest city of ...
military coup in 1974, Portugal handed over power to its overseas provinces. In Portugal, PETROGAL was formed in April 1976 from four Portuguese companies (SACOR, CIDLA, SONAP, and PETROSUL) that were nationalized following the revolution of April 1974. Galp Energia's
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors. An IPO is typically underwritten by one or more investment ...
on the Lisbon Stock Exchange took place in the second half of 2006.


Operations

Galp Energia, SGPS, S.A. is organized into four business units, which include, Upstream, Refining & Midstream, Commercial, and Renewables & New Businesses. The company carries out these operations through four subsidiaries, including: *Galp Energia E&P BV and its subsidiaries engage in the development, exploration and production of oil and gas and biofuels. *Petróleos de Portugal - Petrogal, S.A. and its subsidiaries carry out activities in the area of crude oil refining and marketing. *Galp Gas & Power SGPS, S.A. and its subsidiaries operate in the natural gas, electricity and renewable energy sectors. *Galp Energia, S.A., a company that operates and integrates the corporate services.


References


External links

* {{PSI-20 companies Oil and gas companies of Portugal Automotive fuel retailers Electric power companies of Portugal Holding companies established in 1999 Companies based in Lisbon Companies listed on Euronext Lisbon Portuguese brands 1999 establishments in Portugal Multinational companies headquartered in Portugal