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November 25, 2015 7:32 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Empresa Nacional del Petróleo

Company Overview

Empresa Nacional del Petróleo explores for, produces, refines, and markets hydrocarbons and geothermal resources in Chile and internationally. The company is also involved in refining, transporting, storing, and marketing petroleum-based products consisting of fuel products, such as liquefied gas, gasoline, kerosene, petroleum diesel, fuel oil, and coke; petrochemical products comprising ethylene and propylene; and special products, such as solvents and asphalt-bases. It has operations in Argentina, Ecuador, and Egypt, as well as in the Region of Magallanes in Chile. Empresa Nacional del Petróleo was founded in 1950 and is based in Santiago, Chile.

Avienida Vitacura 2736

Piso 10

Las Condes

Santiago,  7550000


Founded in 1950


56 2 280 3000

Key Executives for Empresa Nacional del Petróleo

Chief Executive Officer
Finance Manager
Chief Executive Officer of Bío Bío Refi Nery
Chief Executive Officer of Enap Refi Nerías S A
Compensation as of Fiscal Year 2015.

Empresa Nacional del Petróleo Key Developments

Enap, AES Gener Reach LNG Supply Deal

Enap will supply LNG to the 379MW Nueva Renca combined-cycle gas turbine power station owned by AES Gener under a contract that will take effect in 2016. Gas supplies will come from the Quintero LNG import terminal, in which Enap owns a 20% stake.

Empresa Nacional Del Petróleo Reports Earnings Results for the Nine Months Ended Sep. 30, 2015

Empresa Nacional del Petróleo reported earnings results for the nine months ended Sep. 30, 2015. As of September 30, 2015, the company obtained profits for $240 million and an EBITDA of $665 million, figures that compare positively to those obtained as of September 30, 2014, $100 million and $468 million, respectively. These good results are achieved in an extremely volatile environment of hydrocarbon prices, and are explained by a substantial improvement in the international refining margin of $6 per barrel compared to the same period of the previous year, having a direct influence on the result of the Refining and Commercialization (R&C) Business Line, in addition to an optimization in the management of crude oil purchases.

ENAP Plans to Supply Natural Gas to Colbun

ENAP has announced that it would provide natural gas to Colbun for a further three years under a new agreement inked on 1st September, 2015. The gas would be utilized by Colbun at its combined-cycle plants in central Chile. Less rainfall in few years has limited the availability of hydroelectric dams in central and southern Chile, giving gas regasified from imported LNG a larger contribution in power sector of the nation.

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