Supply and Trading

In 2013, a total of 65.96 mmtonnes of crude were purchased by the Refining & Marketing Division (62.21 mmtonnes in 2012), of which 26.15 mmtonnes from Eni’s Exploration & Production Division, 25.27 mmtonnes on the spot market and 14.54 mmtonnes were purchased under long-term supply contracts with producing Countries. Approximately 26% of crude purchased in 2013 came from Russia, 19% from West Africa, 14% from the North Sea, 12% from North Africa, 6% from the Middle East, 6% from Italy and 17% from other areas. In 2013 some 43.96 mmtonnes of crude purchased were marketed, (up 7.40 mmtonnes from 2012, or 20.2%). In addition, 5.31 mmtonnes of intermediate products were purchased (4.53 mmtonnes in 2012) to be used as feedstock in conversion plants and 17.79 mmtonnes of refined products (20.52 mmtonnes in 2012) were purchased to be sold on markets outside Italy (13.73 mmtonnes) and on the domestic market (4.06 mmtonnes) as a complement to available production.

Purchases

 

 

 

 

 

 

(mmtonnes)

2011

2012

2013

Change

% Ch.

(a)

Include change in inventories, decrease due to transportation, consumption and losses.

Equity crude oil

 

 

 

 

 

Eni’s production outside Italy

24.29

23.57

22.46

(1.11)

(4.7)

Eni’s production in Italy

3.35

3.35

3.69

0.34

10.1

 

27.64

26.92

26.15

(0.77)

(2.9)

Other crude oil

 

 

 

 

 

Purchases on spot markets

20.44

24.95

25.27

0.32

1.3

Purchases under long-term contracts

10.94

10.34

14.54

4.20

40.6

 

31.38

35.29

39.81

4.52

12.8

Total crude oil purchases

59.02

62.21

65.96

3.75

6.0

Purchases of intermediate products

4.26

4.53

5.31

0.78

17.2

Purchases of products

15.85

20.52

17.79

(2.73)

(13.3)

TOTAL PURCHASES

79.13

87.26

89.06

1.80

2.1

Consumption for power generation

(0.89)

(0.75)

(0.55)

0.20

26.7

Other changes (a)

(1.12)

(1.63)

(1.06)

0.57

35.0

 

77.12

84.88

87.45

2.57

3.0