Galp fattening profit to 310 million in the first half of 2015 – RTP

Carlos Santos Neves – RTP Jul 27, 2015 10:51 / updated on Jul 27, 2015 11:01 | Economy

The doubling of production in Brazil and better refining margins on European soil explain , according to a note of Galp, RCA net profit – replacement cost set which excludes non-recurring events such as gains or losses from the sale of assets, impairment or reinstatement of fixed assets and restructuring forecasts or even environmental <. span class = "Right"> At the end of June, net debt Galp
 Energy was 1,493 million euros, considering how “box and
 equivalent “the loan to Sinopec, China

The earnings before interest, taxes, depreciation and amortization. – EBITDA – amounted to 844 million euros in RCA base <. / p>

As for the total production of oil and natural gas, there has been a growth of 59 percent to 42.7 thousand barrels per day. Net production is responsible for more direct portion of the results of Galp Energia, grew by 71 percent to 39.8 thousand barrels per day, thus mitigating the effects of the devaluation of the crude.
Refining and distribution

 Also during the first half of 2015, they were processed by 56 million barrels of raw materials. That’s over 40 percent compared to the same period last year, when the Sines refinery was stopped for maintenance work.

The volume of sales to direct clients also increased by two points percentage for the first six months of 2014, evolution associated with the sales growth in the wholesale sector.

The share of sales of petroleum products on the African continent worth eight percent of the total, according to the information now.
Africa pays off

 According to Galp, whose brand is currently in 1,437 service stations, the opening of gas stations in Africa even offset the closures occurred in Portugal and Spain.

Galp Energia and Partex are included, moreover, the list of 37 pre-qualified operators to bid ten oil production blocks onshore in Angola. The announcement was made a week ago by Sonangol

In the line Gas & amp.; Power , the natural gas sales of Galp came to 4,064 million cubic meters, more than four percent in the first half of last year.

As regards investment, energy applied 596 million euros. Of these, 94 percent fit the exploration and production activities, particularly in rural Brazil Lula / Iracema.

c / Lusa