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August 31, 2015 9:41 AM 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

Chile

Founded in 1950

Phone:

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 Launches Greenlights 77 MW Gas-Fired Cogeneration Plant Construction

Enap gave the notice to proceed on construction of a 77 MW gas-fired cogeneration plant in the coastal city of Concón, Valparaso region (V). The plant, which will provide 125t/h of steam and 35MW of electric power to company's Aconcagua oil refinery is being built by Spanish group Duro Felguera. Construction of the USD 120 million project is expected to take 27 months. In addition to expanding its presence in the power generation segment, Enap has emphasized energy efficiency throughout all of its business units as part of its 2014-25 strategic plan.

Enel Green Power SpA and Empresa Nacional del Petroleo Commence Building 48-MW Geothermal Power Plant in Chile's Antofagasta Region

Enel Green Power SpA and Empresa Nacional del Petroleo have commenced building a 48-MW geothermal power plant in Chile's Antofagasta region. Enel Green Power SpA reported it will need to invest about USD 320 million (EUR 290.7 million) to construct the Cerro Pabellon facility, in which its Chilean unit will hold a 51% stake and ENAP will own the rest. Enel Green is funding the project with its own resources. The plant will consist of two 24-MW units able to generate almost 340 GWh of electricity per year. It will be the first geothermal power station in South America and also the facility built at 4,500 metres (14,760 ft) above sea level. The project is seen to be completed by the first half of 2017. It already has long-term power purchase agreements (PPA) in place. Last week, Enel Green said it had struck a PPA worth up to USD 3.5 billion with Empresa Nacional de Electricidad SA (Endesa Chile), tied to solar, wind and geothermal projects in Chile totaling 300 MW.

Enap Signs Deal with Duro Felguera to Build 77MW Gas-Fired Cogeneration Plant at Enap's Aconcagua Oil Refinery

Enap has signed a deal with Duro Felguera (DF) to build a 77MW gas-fired cogeneration plant at Enap's Aconcagua oil refinery. Under the approximately $120 million turnkey contract, DF will begin construction in the third quarter on the plant, which is expected to start up in the fourth quarter of 2017. The plant will supply electric power and steam to the refinery in Concón, central Valparaíso region (V), injecting excess electricity into the central SIC grid. The project, which first received environmental approval in 2007, originally entailed a 165MW three-turbine cogeneration plant and a 414MW combined cycle gas turbine (CCGT) plant. Community opposition and a lawsuit forced Enap to reduce the scope of the project.

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