Empresa Nacional del Petróleo
{{Use dmy dates|date=April 2023}}
{{Infobox company
|name = Empresa Nacional del Petróleo
|logo = ENAP-CABECERA.jpg
|type =
|foundation = {{start date|1950|df=y}}
|location_city = Las Condes
|location_country = Chile
|locations =
|key_people = Gloria Maldonado, Chairwoman
Julio Friedmann Encina, Chief Executive Officer
|area_served =
|industry = Oil and gas industry
|products = Petroleum
| revenue = {{increase}} $7.6 billion (2021){{cite report|author=Empresa Nacional del Petróleo|title=Integrated Report 2021|date=May 19, 2022|access-date=May 19, 2022|page=121|url=https://www.enap.cl/descarga/forzada/7785|archive-date=20 May 2022|archive-url=https://web.archive.org/web/20220520001157/https://www.enap.cl/descarga/forzada/7785|url-status=dead}}
| net_income = {{increase}} $141.5 million (2021)
| assets = {{increase}} $6.9 billion (2021){{cite report|author=Empresa Nacional del Petróleo|title=Integrated Report 2021|date=May 19, 2022|access-date=May 19, 2022|url=https://www.enap.cl/descarga/forzada/7785|page=123|archive-date=20 May 2022|archive-url=https://web.archive.org/web/20220520001157/https://www.enap.cl/descarga/forzada/7785|url-status=dead}}
| equity = {{increase}} $1.0 billion (2021)
| homepage = {{URL|https://www.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
ENAP was created by Law No. 9618, on June 19, 1950.{{cite journal|last=Murphy|first=Ewell E. Jr.|title=Latin America: A Petroleum Profile|journal=Vanderbilt Journal of Transnational Law|volume=9|issue=3|date=Summer 1976|page=513}} 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.{{cite journal|last1=Rossello|first1=Eduardo|last2=Haring|first2=Claudio|last3=Cardinali|first3=Guillermo|last4=Suarez|first4=Fabian|last5=Laffitite|first5=G.|last6=Nevistic|first6=A.V.|title=Hydrocarbons and petroleum geology of Tierra del Fuego, Argentina|journal=Geologica Acta|volume=6|issue=1|date=2008|url=https://www.researchgate.net/publication/39121008_Hydrocarbons_and_petroleum_geology_of_Tierra_del_Fuego_Argentina|page=77}}
The company's subsidiary, ENAP Refinerías,{{cite news|title=ENAP Acquired 100% of Petropower Power Plant|work=Energy Central|date=December 12, 2016|access-date=April 23, 2023|url=https://energycentral.com/news/enap-acquired-100-petropower-power-plant}} operates three refineries: Aconcagua, Bío Bío, and Gregorio.{{cite report|last=Alarcón|first=Juan Ignacio|title=APERC Oil and Gas Security Exercise in Chile|publisher=Asia Pacific Energy Research Centre|date=April 10, 2019|access-date=April 23, 2023|url=https://aperc.or.jp/file/2019/4/5/1-1_Chile_JIA.pdf|page=4}} Together they have a total capacity of {{convert|238000|oilbbl/d|m3/d}}, which represents all of Chile's refining capacity. 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.{{cite news|last=Samir|first=Sarah|title=ENAP SIPETROL Achieves Earnings of Almost $60 Million in First Semester of 2021|work=Egypt Oil & Gas|date=September 2, 2021|access-date=April 23, 2023|url=https://egyptoil-gas.com/news/enap-sipetrol-achieves-earnings-of-almost-60-million-in-first-semester-of-2021/}} The company has operations in Argentina, Ecuador, and Egypt, Sipetrol began exploration in Iran in 2001, but had ceased operation there as of 2018.{{cite report|author=ENAP Sipetrol|title=Interests in Joint Ventures|date=March 25, 2019|access-date=April 23, 2023|url=https://www.enap.cl/descarga/forzada/6468|pages=3-4}} 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.{{cite news|title=Chile's ENAP to sell stakes in Ecuador, Peru to Grupo Romero|work=Reuters|date=August 20, 2013|access-date=April 23, 2023|url=https://www.reuters.com/article/chile-enap/update-1-chiles-enap-to-sell-stakes-in-ecuador-peru-to-grupo-romero-idUSL2N0GL1UT20130820}}
References
{{reflist}}
External links
{{Portal|Chile|Energy}}
{{authority control}}
{{DEFAULTSORT:Empresa Nacional del Petroleo}}
Category:Oil and gas companies of Chile
Category:Energy companies established in 1950
Category:Non-renewable resource companies established in 1950
Category:Government-owned companies of Chile