Overview

In detail:

  • marketing of refined products in Italy, in Europe and wholesale
  • the table with data on market

Supply and Trading: 2018 key facts

In 2018, were purchased 22.62 mmtonnes of crude (24.28 mmtonnes in 2017), of which 4.14 mmtonnes by equity crude oil, 10.01 mmtonnes on the spot market and 8.47 mmtonnes by producer’s Countries with term contracts.

The breakdown by geographic area was as follows: 36% of purchased crude came from the Middle East, 18% from Russia, 14% from Italy, 13% from Central Asia, 10% from North Africa, 3% from West Africa, 2% from North Sea and 4% from other areas.


Purchases
(mmtonnes)201820172016Change% Ch.
Equity crude oil 4.14 3.51 3.43 0.63 17.9
Other crude oil 18.48 20.77 19.92 (2.29) (11.0)
Total crude oil purchases 22.62 24.28 23.35 (1.66) (6.8)
Purchases of intermediate products 0.65 0.96 1.35 (0.31) (32.3)
Purchases of products 11.55 10.92 11.20 0.63 5.8
TOTAL PURCHASES 34.82 36.16 35.90 (1.34) (3.7)
Consumption for power generation (0.35) (0.34) (0.37) (0.01) (2.9)
Other changes(a) (1.27) (1.76) (1.92) 0.49 27.8
TOTAL AVAILABILITY 33.20 34.06 33.61 (0.86) (2.5)
(a) Include change in inventories, decrease due to transportation, consumption and losses.

Refining in Italy and outside Italy: 2018 key facts

In 2018, Eni’s refining throughputs in Europe were 23.23 mmtonnes, decreased by 3.3% from 2017 due to the lower throughputs at the Taranto plant, reflecting higher crude oil volumes processed on behalf of third parties maintenance standstills at the Milazzo refinery, and at the Bayernoil refinery following an event occurred in September. These negatives were partially offset by the better performance at the Sannazzaro and Livorno refineries, with the latter affected in 2017 by a shutdown due to a force majeure event. In Italy, the decrease of refinery throughputs (down by 2.2%) was due to the above mentioned drivers. The volumes of biofuels produced from vegetable oil at the Venice green refinery increased by 4.2% from 2017.

Outside Italy, Eni’s refining throughputs were 2.55 mmtonnes, down by approximately 320 ktonnes or 11.1% due to the downtime of the Bayernoil refinery in September. Total throughputs in whollyowned refineries were 16.78 mmtonnes, up by 0.75 mmtonnes or 4.7% compared to 2017. The refinery utilization rate, ratio between throughputs and refinery capacity, is 91%. Approximately 18.3% of processed crude was supplied by Eni’s Exploration & Production segment, increased from 2017 (15.2%).



Availability of refined products
(mmtonnes)201820172016Change% Ch.
ITALY          
At wholly-owned refineries 16.78 16.03 17.37 0.75 4.7
Less input on account of third parties (1.03) (0.34) (0.27) (0.69) ..
At affiliated refineries 4.93 5.46 4.51 (0.53) (9.7)
Refinery throughputs on own account 20.68 21.15 21.61 (0.47) (2.2)
Consumption and losses (1.38) (1.36) (1.53) (0.02) (1.5)
Products available for sale 19.30 19.79 20.08 (0.49) (2.5)
Purchases of refined products and change in inventories 7.50 6.74 6.28 0.76 11.3
Products transferred to operations outside Italy (0.54) (0.46) (0.39) (0.08) (17.4)
Consumption for power generation (0.35) (0.34) (0.37) (0.01) (2.9)
Sales of products 25.91 25.73 25.60 0.18 0.7
Green refinery throughputs 0.25 0.24 0.21 0.01 4.2
           
OUTSIDE ITALY          
Refinery throughputs on own account 2.55 2.87 2.91 (0.32) (11.1)
Consumption and losses (0.20) (0.22) (0.22) 0.02 9.1
Products available for sale 2.35 2.65 2.69 (0.30) (11.3)
Purchases of refined products and change in inventories 4.12 4.36 4.72 (0.24) (5.5)
Products transferred from Italian operations 0.54 0.46 0.40 0.08 17.4
Sales of products 7.01 7.47 7.81 (0.46) (6.2)
Refinery throughputs on own account in Italy and outside Italy 23.23 24.02 24.52 (0.79) (3.3)
      of which: refinery throughputs of equity crude on own account 4.14 3.51 3.43 0.63 17.9
Total sales of refined products in Italy and outside Italy 32.92 33.20 33.41 (0.28) (0.8)
Crude oil sales 0.28 0.86 0.20 (0.58) (67.4)
TOTAL SALES 33.20 34.06 33.61 (0.86) (2.5)
Back to top