Galp Energia releases today the trading update for the 4th quarter of 2012, with
the following highlights:
* Net entitlement production of 17.7 kboepd, up 36% YoY, following increased
production from Brazil;
* Benchmark refining margin of $1.4/bbl, a decrease of $2.5/bbl QoQ;
* Crude processed of 18,791 kbbl, down 12% QoQ;
* Oil products sales to direct clients of 2.4 million tons, down 9% YoY;
* Natural gas volumes sold of 1.6 bcm, an increase of 10% YoY.
Trading update 4Q12:
http://hugin.info/139609/R/1671695/543432.pdf
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Source: Galp Energia. SGPS, S.A. via Thomson Reuters ONE
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