Overview

In detail:

  • data on supply and trading of petrochemical products and the launch of Eni Diesel + fuel
  • Eni’s refining throughputs in Italy and outside Italy

Supply and Trading: 2017 key facts

In 2017, were purchased 24.28 mmtonnes of crude (compared with 23.35 mmtonnes in 2016), of which 3.51 mmtonnes by equity crude oil, 9.83 mmtonnes on the spot market and 10.94 mmtonnes by producer’s countries with term contracts. The subdivision by geographic area was as follows: 40% of purchased crude came from the Middle East, 19% from Central Asia, 15% from Russia, 12% from Italy, 10% from North Africa, 2% from North Sea, 1% from West Africa, and 1% from other areas.


Purchases
(mmtonnes)201720162015Change% Ch.
Equity crude oil 3.51 3.43 5.04 0.08 2.3
Other crude oil 20.77 19.92 19.76 0.85 4.3
Total crude oil purchases 24.28 23.35 24.80 0.93 4.0
Purchases of intermediate products 0.96 1.35 1.66 (0.39) (28.9)
Purchases of products 10.92 11.20 10.68 (0.28) (2.5)
TOTAL PURCHASES 36.16 35.90 37.14 0.26 0.7
Consumption for power generation (0.34) (0.37) (0.41) 0.03 (8.1)
Other changes(a) (1.76) (1.92) (1.22) 0.16 (8.3)
TOTAL AVAILABILITY 34.06 33.61 35.51 0.45 1.3

Refining in Italy and outside Italy: 2017 key facts

In 2017, Eni’s refining throughputs in Europe were 24.02 mmtonnes, decreased by 2% from 2016 due to the downtime of some plants at Sannazzaro refinery and the shutdown at the Taranto refinery, partly offset by a better performance of Milazzo and Livorno refineries. In Italy, the decreasing of refinery throughputs (down by 2.1%) was caused by the same drivers above mentioned. The volumes of biofuels produced from vegetable oil at the Venice green refinery increased by 14.3% from the corresponding period of 2016. Outside Italy, Eni’s refining throughputs were 2.87 mmtonnes, down by approximately 40 ktonnes or 1.4% due to the downtime of BayernOil refinery in 2017, more impacting compared to the downtime of PCK refinery in 2016. Total throughputs in wholly-owned refineries were 16.03 mmtonnes, down by 1.34 mmtonnes or 7.7% compared with 2016. The refinery utilization rate, ratio between throughputs and refinery capacity, is 82.6%. Approximately 15.2% of processed crude was supplied by Eni’s Exploration & Production segment, increased by 14.8 from 2016.


Availability of refined products
(mmtonnes)201720162015Change% Ch.
ITALY 16.03 17.37 18.37 (1.34) (7.7)
At wholly-owned refineries
Less input on account of third parties (0.34) (0.27) (0.38) (0.07) 25.9
At affi iated refineries 5.46 4.51 4.73 0.95 21.1
Refinery throughputs on own account 21.15 21.61 22.72 (0.46) (2.1)
Consumption and losses (1.36) (1.53) (1.52) 0.17 (11.1)
Products available for sale 19.79 20.08 21.20 (0.29) (1.4)
Purchases of refined products and change in inventories 6.74 6.28 6.22 0.46 7.3
Products transferred to operations outside Italy (0.46) (0.39) (0.48) (0.07) 17.9
Consumption for power generation (0.34) (0.37) (0.41) 0.03 (8.1)
Sales of products 25.73 25.60 26.53 0.13 0.5
Green refinery throughputs 0.24 0.21 0.20 0.03 14.3
OUTSIDE ITALY
Refinery throughputs on own account
2.87 2.91 3.69 (0.04) (1.4)
Consumption and losses (0.22) (0.22) (0.23)
Products available for sale 2.65 2.69 3.46 (0.04) (1.5)
Purchases of refined products and change in inventories 4.36 4.72 4.77 (0.36) (7.6)
Products transferred from Italian operations 0.46 0.40 0.48 0.06 15.0
Sales of products 7.47 7.81 8.71 (0.34) (4.4)
Refinery throughputs on own account 24.02 24.52 26.41 (0.50) (2.0)
of which: refinery throughputs of equity crude on own account 3.51 3.43 5.04 0.08 2.3
Total sales of refined products 33.20 33.41 35.24 (0.21) (0.6)
Crude oil sales 0.86 0.20 0.27 0.66 ..
TOTAL SALES 34.06 33.61 35.51 0.45 1.3
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