Petroleo Ipiranga
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| Empresas Petróleo Ipiranga | |
 |
|
| Type of Company | Public |
|---|---|
| Founded | 1933 |
| Headquarters | Porto Alegre, Brazil |
| Key people | João Pedro Gouvea Vieira Filho |
| Industry | Oil and Gasoline |
| Products | Petroleum and derived products service stations Ipiranga motor oil Petrochemical products Transportation |
| Revenue |  $11.530 billion USD (2005) |
| Employees | - |
| Slogan | - |
| Website | www.ipiranga.com.br |
Empresas Petróleo Ipiranga is a Brazilian conglomerate that are in the field of refining and distribution of oil.
It also has business in petrochemical and chemical industries.
Ipiranga also started to act in the upstream activity, exploring and developing production of oil and natural gas in Bahia, Brazil , in a joint venture with Petrobras and El Paso Corporation. The company started its activities in 1933, in Uruguaiana, RS under the name of Destilaria Rio Grandense de Petróleo S/A.
[edit] Overview
The company distributes petrochemicals and chemicals for the Central and South American markets. The oil company (which has a 23% share of the Brazilian fuel distribution market) operates a network of 3,350 Ipiranga branded gas stations. Its chemical products include polymers, process oils, resins, and solvents used by the adhesive, paint, and rubber industries. Gasoline and lubricant sales and profits have declined because of price gaps, fuel adulteration, and tax frauds. The group contracted Chase Manhattan bank to implement a restructuring plan, which could include the sale of some of its operations.
[edit] Subsidiaries
Empresas Petróleo Ipiranga is comprised of the following companies:
- Companhia Brasileira Petróleo Ipiranga
- Ipiranga Petroquímica
- Ipiranga Química
- Empresa Carioca de Produtos Químicos
- Refinaria Petróleo Ipiranga S/A
- Distribuidora de Produtos Petróleo Ipiranga S/A
