Petrobras-Argentina Petrobras Argentina SA (NYSE: PZE, BCBA: PESA) was founded in 1946 and is headquartered in Buenos Aires, Argentina, formerly known as Petrobras Energia SA. It was changed to its current name in July 2010. It is an integrated energy company. Mainly engaged in oil and gas production, it is a subsidiary of Petrobras Participaciones, SL (formerly a subsidiary of Petróleo Brasileiro SA (Petrobras)).
Petrobras Argentina (PZE):
Petrobras-Argentina is divided into 4 divisions to operate:
- Oil and Gas Exploration and Production (Oil and Gas Exploration and Production) – engaged in oil and gas exploration and production activities in Argentina, Venezuela, Bolivia and Ecuador. As of December 31, 2015, the department has 20 oil and gas production blocks and 9 exploration blocks, which are located in the exploration area or pending production; liquefied hydrocarbons and natural gas have proven development and undeveloped reserves of 183 million barrels of oil equivalent .
- Refining and distribution (Refining and Distribution) – operate the refinery in BahíaBlanca, production of gasoline, diesel, fuel oil, bitumen and liquefied petroleum gas, fuel oil and middle. The department also operates a network of 265 gas stations, including 79 self-operated gas stations, and 186 licensed gas stations, operating under the Petrobras and Spacio 1 brands.
- Petrochemical (Petrochemicals) – production and sales of a range of products, such as gasoline intermediates, aromatic solvents, hexane and other paraffinic solvents hydrogenation, for propellants, styrene monomers, rubber polymers and cosmetic industry.
- Natural gas and electricity (Gas and Energy) – Sales in the gas; providing brokerage and trading services for the gas and liquefied petroleum gas; transportation of natural gas in southern Argentina; processing and marketing of natural gas liquids, as well as by thermal power plants and open-cycle gas turbines To generate and transmit electricity.
Petrobras Argentina (PZE) History:
The unit was established in 1993. In 2001, it acquired Eg3 from Sociedad Comercial del Plata to expand its scale to 700 service stations. In 2003, it acquired Petrolera Santa Fe/Pecom Energía from Gregorio Pérez Companc.
With the purchase of a majority of Transener’s shares from PESA, Petrobras-Argentina expanded into power grid operations, and then sold Transener to local entrepreneur Marcelo Mindlin in 2004. Since the company started its business in the energy sector, it has focused on the exploration and production of oil and gas, as well as petrochemical and power production.
Currently, Petrobras Energía is the second largest oil company in Argentina, after Repsol YPF, and currently operates in the United States, Brazil, Bolivia, Ecuador, Mexico, Peru and Venezuela.