Corporate Profile

Saras is a leader operator in the refining sector in Europe

Its main assets/activities are:

One of the biggest high complexity refinery in the Mediterranean Sea
- 300.000 barrels per day of refining capacity (about 15%% of Italy’s total refining capacity);
- More than 80% of production is of medium and light distillates with low environmental impact (mainly diesel and gasoline).
- Integration with petrochemical and electricity production.
IGCC (Integrated Gasification Combined Cycle): largest liquid fuel gasification plant in the world that converts heavy refining residues into clean gas, with limited environmental impact, which is subsequently used in power generation
- 575 MW of installed power;
- Three independent trains for gasification and production;
- Electricity production in excess of 4 terawatt-hours per
Marketing activities in Italy and Spain
- Wholesale sales of oil products with high added value and low environmental impact, such as low sulphur gasoil and gasoline.
- Two storage facilities for distribution of products at Arcola (Italy)and Cartagena (Spain).
- Retail business mainly located in the South of Spain through 89 retail stations fully owned and other 44 on long term lease.
- Biodiesel production plant in Cartagena, Spain, with capacity of 200,000 tons per year.
Generation of electricity from renewable sources
- Wind farm with capacity of 72 MW in Ulassai (Sardinia).
Presence in information technology and industrial engineering in the oil sector.

The Saras Group operates in the energy sector and is one of the leading Italian and European crude oil refiners. The Group, which was founded by Angelo Moratti in the early 1960s, has since made an international name for itself by successfully building its competitiveness on aggressive world markets. On this basis, Saras was floated on the stock market (the blue chip segment of the MTA, the electronic stock market of Borsa Italiana –the Italian Stock Exchange) in May 2006. The activities of the Saras Group, whose core business is oil refining, also include the sale and distribution of oil products on the Italian and international markets and the production and sale of electricity, as well as industrial engineering, scientific research and information technology services. The group’s main plant is its refinery at Sarroch, on the western coast of Sardinia. This is one of the biggest such sites in the Mediterranean area in terms of production capacity, Europe’s second-ranking supersite by complexity and one of the most complex refineries in Europe. With production capacity of 15 million tons per year(or 300,000 barrels per day), this plant accounts for about 15% of Italy’s total refining capacity. The scale, configuration, location and high complexity of the refinery enable the Saras Group to refine different grades of crude oil. As a result, it has developed sound commercial relationships over the years with both crude-exporting countries and major international oil corporations. The Saras Group, both directly and through its subsidiaries Arcola Petrolifera S.p.A. (Italy) and Saras Energia S.A.(Spain), sells and distributes oil products including diesel, gasoline, heating oil, liquefied petroleum gas (LPG), virgin naphtha and aviation fuel on the Italian, European (principally Spain), and international markets. The Saras Group produces and sells electricity through its subsidiary Sarlux S.r.l., which operates an IGCC (Integrated Gasification Combined Cycle) plant, and through Parchi Eolici Ulassai S.r.l. (via the subsidiary SardeolicaS.r.l.), which owns and operates a wind farm in the municipality of Ulassai in Sardinia (power from renewable sources). The Saras Group also operates in the information technology services sector through the subsidiary Akhela S.r.l., and provides industrial engineering and scientific research services to the oil, energy and environment sectors via the subsidiary Sartec S.p.A.

Last update 03/10/09

Last Update: 12/11/2009