Europétrole, le portail de l'industrie du pétrole
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Total and ERG create TotalErg, a joint venture in the Italian marketing and refining business
    édité le 01/02/2010 - Plus de news de "ERG" - Voir la fiche entreprise de "ERG"

Total and ERG create TotalErg, a joint venture in the Italian marketing and refining business
Total and ERG have signed an agreement to create a joint venture in the Italian marketing and refining business.
The shareholder pact calls for joint governance as well as operating independence for the new entity.
Total and Erg will hold equity stakes of, respectively, 49% and 51%.

Created through the merger of Total Italia and ERG Petroli, the joint venture will be called TotalErg and will operate under both the Total and ERG brands.

TotalErg will enjoy solid competitive positioning thanks to the integration of its two partners’ assets and expertise.

TotalErg will become one of the largest marketing operators in Italy, with a retail market share of nearly 13% and over 3,400 service stations. Fuel sales will exceed 3.4 million metric tons per year, while general retail and specialties business sales will amount to roughly 3.2 million metric tons per year, with significant market shares in diesel, lubricants, LPG and bitumen.

The joint venture will also be active in the refining business, with a total continental capacity of roughly 116,000 barrels per day or around 8% of national demand. TotalErg will optimize its industrial assets in this segment with a priority focus on achieving excellence in its industrial, environmental and safety performance. The joint venture will also operate its shareholders’ logistics infrastructure.

TotalErg will not consolidate either Total Italia's aviation and AS 24 payment card operations or ERG Petroli's refining and marketing operations in Sicily.

The transaction will be submitted to competition authorities for approval. Until then, Total Italia and ERG Petroli will remain as separate, competing entities.

Origine : Communiqué ERG

Voir la fiche entreprise de "ERG"

Les dernières news de "ERG"

Rechercher une news

française internationale

Les dernières news internationales

>> Toute l'actualité internationale     >> RSS
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi cgg chevron china chiyoda cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gtt gulf-of-mexico hess india indonesia inpex iraq jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mexico mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill senegal shale-gas shell socar sonatrach south-stream statoil subsea subsea-7 survey tap technip technipfmc texas total transocean tullow turbine ufip uk us vallourec vopak well wintershall wood-group woodside

Europétrole © 2003 - 2021