Edoardo Raffinerie Garrone
 | |
| Public | |
| Traded as | BIT: ERG |
| Industry |
Petrochemical Renewable energy |
| Founded | June 2, 1938 |
| Headquarters | Genoa, Italy |
Key people |
Edoardo Garrone (Chairman) Luca Bettonte(CEO) |
| Products |
Refinery products Electric power |
| Revenue |
 €7,076 million (2013)[1] |
 €85 million (2013)[2] | |
| Total assets |
€2,795 million (2013) |
| Total equity |
€1,773.6 million (2013) |
Number of employees | 778 (2013) |
| Website |
www |
ERG (Edoardo Raffinerie Garrone) is a publicly listed Italian energy company, founded in 1938 and based in Genoa, Italy.
History
ERG was founded by Edoardo Guida Garrone in 1938,[3] founding a company for the refining of petroleum. In 1952 signs an agreement to refine the oil on behalf of BP.[4]
During the 1960s and 1970s has started to build some oil refineries and pipelines in Italy, in particular a pipeline in Arquata Scrivia[5] and an oil refinery in Priolo Gargallo (ISAB).[3]
In the 1980s has acquired the petrol stations networks owned by Elf, Chevron and BP in Italy, through ERG Petroli.[3]
Since 1997 the company is listed on the Italian Stock Exchange.[6] In 1999 it opened gas, (petrol), stations network in Spain through ERG Petroleos,[5] sold in 2008 to Saras S.p.A.[7]
In 2008 it signed an agreement with Lukoil, sharing the 49% of oil refinery in Priolo Gargallo.[8][9]
In 2009 it launched its own Mobile virtual network operator: ERG Mobile, becoming the first Italian oil company with its own telecommunications company.[10]
In 2010 ERG Petroli and TotalErg Italia merge in TotalErg, starting operation on October 1, 2010.
Sponsorship
ERG has been the main sponsor of U.C. Sampdoria, a football club owned by the Garrone family (Riccardo Garrone was the President, with Edoardo as Vice, and Vittorio as Director), for more than 9 years. For the 2011–12 football season, ERG is the corporate partner of the team, especially in activities involving young people.