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Axion Energy

Company Summary

Description

Axion Energy refines and markets fuels, lubricants and associated derivatives, primarily in Argentina. Axion owns and operates the Campana refinery, approximately 75 kilometres north of Buenos Aires, which has a refining capacity of 90,000 b/d and is the primary offtaker of PAE’s Escalante crude oil production. Axion has a network of more than 580 fuel retail sites and associated distribution terminals in Argentina – giving it an approximate 15% share of Argentina’s fuels retail market. It also has approximately 110 sites in Uruguay and 65 in Paraguay. It also produces and markets lubricants and derivative petrochemicals in Argentina, and has aviation, marine and industrial marketing activities. Axion has over 3,200 employees, primarily in Argentina. Axion Energy is wholly owned by Bridas Corporation.

Operational Regions

  • South America

Related Entities

Recent news

  • 9/12/2017 - BP & Bridas Combining... (subscriber access)

Company Transactions

Date: 3/31/2018
Type: Merger

BUYERS:
  • Pan American Energy
  • Pan American Energy Group
    • SELLERS:
  • Axion Energy
    • DETAILS:
    NOTES:
    BP has entered into a deal with Bridas Corporation to form an integrated energy company through the combination of Pan American Energy (PAE) and Axion Energy. The combined entity will be named Pan American Energy Group and will be the largest privately owned integrated energy company in Argentina. The Company will be owned 50/50 by BP and Bridas. Completion of the deal is set for early 2018.
    REGIONS:
  • South America