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Monday 21 January, 2013

Galp Energia. SGPS, S.A.

Galp Energia. SGPS, S.A.: Trading Update fourth...

Galp Energia. SGPS, S.A.: Trading Update fourth quarter 2012

Galp Energia releases today the trading update for the 4th quarter of 2012, with the following highlights:

  • Net entitlement production of 17.7 kboepd, up 36% YoY, following increased production from Brazil;
  • Benchmark refining margin of $1.4/bbl, a decrease of $2.5/bbl QoQ;
  • Crude processed of 18,791 kbbl, down 12% QoQ;
  • Oil products sales to direct clients of 2.4 million tons, down 9% YoY;
  • Natural gas volumes sold of 1.6 bcm, an increase of 10% YoY.

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Source: Galp Energia. SGPS, S.A. via Thomson Reuters ONE


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