Energy Industry
Industry: Email Alert RSS FeedThe Italian Market.
APS Review Downstream Trends, June, 2009
In January 1984 KPI bought Gulf Oil's downstream assets in Italy, consisting of 1,500 stations and a closed oil refinery in Sarni. The retail outlets gave KPC a 3% share of the Italian market and doubled the size of KPI's European network. The refinery had been closed by Gulf Oil in 1982. It has been converted into a storage facility. KPI has expanded its Italian operations in through the following phases:
In early 1988 its Kuwait Petroleum Italia (Kupit) got 25% in the Genoa-based Continentale Italiana, which operated a distribution centre in Lacchiarella with a capacity of 3m t/y of crude oil and products. Kupit has since used this network under a long-term deal.
In 1988 Kupid bought Roloil, a leading lubricants firm in Milan. In December 1989 it...
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