Galp

Galp Energia SGPS SA is a Portugal-based holding company engaged in the oil and gas industry. It has three business segments: Exploration and Production; Refining and Marketing; and Gas and Power. In the Exploration and Production area, it explores, develops and produces oil and natural gas, operating in projects worldwide. In the Refining and Marketing area, Galp is active in the operation of oil and gas refineries for the production of gasoline, diesel and jet fuel, among others. It operates two refineries, in Sines and Matosinhos. In the Gas segment, Galp is mainly engaged in the supply and distribution of natural gas in Portugal and Spain. In the Power segment, Galp operates cogeneration plants. As of December 31, 2010, Galps wholly owned subsidiaries included Galp Energia SA, Petroleos de Portugal - Petrogal SA, Galp Power SGPS SA and GDP - Gas de Portugal SGPS SA, among others.