Petroleo Ipiranga

Infobox_Company
company_name = Empresas Petróleo Ipiranga
company_
company_type = Public
Bovespa:

*( [http://www.bovespa.com.br/Cotacoes2000/CotacaoRapidaHome.Asp?PaginaReferente=PosicaoGeralPregao.Asp&txtCodigo=PTIP3 PTIP3] / [http://www.bovespa.com.br/Cotacoes2000/CotacaoRapidaHome.Asp?PaginaReferente=PosicaoGeralPregao.Asp&txtCodigo=PTIP4 PTIP4] ) "for Companhia Brasileira Petróleo Ipiranga".

*( [http://www.bovespa.com.br/Cotacoes2000/CotacaoRapidaHome.Asp?PaginaReferente=PosicaoGeralPregao.Asp&txtCodigo=DPPI3 DPPI3] / [http://www.bovespa.com.br/Cotacoes2000/CotacaoRapidaHome.Asp?PaginaReferente=PosicaoGeralPregao.Asp&txtCodigo=DPPIP4 DPPI4] ) "for Distribuidora de Produtos de Petróleo Ipiranga S.A "

*( [http://www.bovespa.com.br/Cotacoes2000/CotacaoRapidaHome.Asp?PaginaReferente=PosicaoGeralPregao.Asp&txtCodigo=RIPI3 RIPI3] / [http://www.bovespa.com.br/Cotacoes2000/CotacaoRapidaHome.Asp?PaginaReferente=PosicaoGeralPregao.Asp&txtCodigo=RIPIP4 RIPI4] ) "for Refinaria de Petróleo Ipiranga S.A"
company_slogan = -
foundation = 1933
location = flagicon|Brazil Porto Alegre, Brazil
key_people = João Pedro Gouvea Vieira Filho
industry = Oil and Gasoline
products = Petroleum and derived products
service stations
Ipiranga motor oil
Petrochemical products
Transportation
revenue = profit$11.530 billion USD (2005)
num_employees = -
homepage = [http://www.ipiranga.com.br/ www.ipiranga.com.br]

Empresas Petróleo Ipiranga is a Brazilian conglomerate that are in the field of refining and distribution of oil.

It also has business in petrochemical and chemical industries.

Ipiranga also started to act in the upstream activity, exploring and developing production of oil and natural gas in Bahia, Brazil, in a joint venture with Petrobras and El Paso Corporation.The company started its activities in 1933, in Uruguaiana, RS under the name of "Destilaria Rio Grandense de Petróleo S/A".

Overview

[
Porto Alegre.] The company distributes petrochemicals and chemicals for the Central and South American markets. The oil company (which has a 23% share of the Brazilian fuel distribution market) operates a network of 3,350 Ipiranga branded gas stations. Its chemical products include polymers, process oils, resins, and solvents used by the adhesive, paint, and rubber industries. Gasoline and lubricant sales and profits have declined because of price gaps, fuel adulteration, and tax frauds. The group contracted Chase Manhattan bank to implement a restructuring plan, which could include the sale of some of its operations.In March 19 2007, it was announced that Ipiranga would be purchased by a consortium formed by Petrobras, Braskem and Grupo Ultra, and its retail operations would be split between Grupo Ultra (in the South and Southeast regions, keeping the Ipiranga brand) and Petrobras (elsewhere in Brazil, where Petrobras will have 5-year rights to use the Ipiranga name, while rebranding to Petrobras).

Subsidiaries

Empresas Petróleo Ipiranga is comprised of the following companies:
* Companhia Brasileira Petróleo Ipiranga
* Ipiranga Petroquímica
* Ipiranga Química
* Empresa Carioca de Produtos Químicos
* Refinaria Petróleo Ipiranga S/A
* Distribuidora de Produtos Petróleo Ipiranga S/A

External links

* [http://www.ipiranga.com.br The company's home page]