Sonatrach Raffineria Italiana

What Sonatrach Raffineria Italiana does

Sonatrach Raffineria Italiana S.r.l. (SRI) is an Italian oil refining, storage, and distribution company wholly owned by Algeria's state-owned Sonatrach Group, operating as the group's sole Italian subsidiary. The company runs the Augusta refinery in Sicily with primary and conversion capacity of approximately 800 kT per month (~8 million tons per year), producing gasoline (~1,700 kT annually), gasolio/diesel (~2,900 kT annually), lubricant bases (~800 kT annually), asphalts/bitumen (~900 kT annually), fuel oil, HSGO/cycle oil, and chemicals/LPG. SRI markets itself as a European leader in the production of lubricating bases, bitumen, and paraffins, and serves Mediterranean transport (road, maritime, aviation), chemical, manufacturing, and road-infrastructure customers through direct B2B enterprise contracts and a three-depot coastal storage network in Augusta, Palermo, and Naples (140,000 cubic meters combined, plus 275 tanks and 2 berths at the Augusta refinery site).

The underlying technology is a complex, capital-intensive refinery platform organized as two production trains running from atmospheric distillation through lubricant-base manufacturing, supplemented by catalytic cracking, hydrofluoric acid alkylation, catalytic reforming, desulfurization, and sulfur-recovery units. Product specification is supported by ATIEL membership (lubricants), CE marking under EN 12591 (bitumens for road applications), and a comprehensive certification stack spanning ISO 9001, 14001, 50001, 45001, and 27001. The refinery dates back to approximately 1952, and the current S.r.l. entity was established in 2019 to consolidate the Italian refining and logistics operations under a single corporate vehicle. The company operates 501-1,000 employees with its operational headquarters at Augusta, Sicily and a registered office in Milan.

SRI's business model is a transaction-fee B2B energy model: crude is processed into refined products and sold under contract-based pricing (not publicly disclosed) to industrial and infrastructure customers, with revenue directly linked to throughput volumes and crack spreads rather than subscriptions or platform fees. Revenue moved from €4.6B in 2019 to €2.3B in 2020 (COVID-impacted) and back to €4.3B in 2021, illustrating the high sensitivity of earnings to refining margins. Beyond refining, SRI earns from third-party storage and coastal distribution through its three Italian terminals. Marketing is limited to a LinkedIn corporate presence; the company relies on direct enterprise relationships and specification-driven product qualification rather than digital or consumer-facing channels.

Name

Sonatrach Raffineria Italiana

Legal name

Sonatrach Raffineria Italiana S.r.l.

Website

https://sonatrachitalia.it

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sonatrach Raffineria Italiana (SRI) is an Italian oil refinery and storage operator, wholly owned by Algeria's Sonatrach Group, running the Augusta refinery and three coastal storage terminals to supply fuels, lubricant bases, bitumen, and specialty products to Mediterranean transport, chemical, manufacturing, and infrastructure customers.

Ownership category

akta.pro rank

Product category

Oil Refining

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro industry

PRIMARYEUALAGAK

Refinery Offsites, Storage & Loading (Tankage, Truck/Rail/Marine Loading)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Refining & Processing (Crude, Condensate & NGL Refining)

SECONDARYTLAGAKAA

Crude Oil Tank Farms & Terminals

Transportation & Logistics/Pipeline Transportation/Pipeline Storage & Terminals (Tank Farms, Pump/Compressor Stations)

SECONDARYIMAEABAI

Oilfield & Refining Specialty Chemicals

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Specialty Chemicals

SECONDARYEUALAGAC

Deep Conversion & Resid Upgrading (Delayed Coking, Visbreaking, Solvent Deasphalting)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Refining & Processing (Crude, Condensate & NGL Refining)

Keywords

• Oil refining
• Petroleum products
• Fuel distribution
• Lubricant bases
• Crude processing

Headquarters

HQ city

Augusta

HQ country

Italy

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petroleum Refining and Processing: Refining crude oil into fuels (gasoline, diesel, jet fuel), lubricating bases, bitumen/asphalt, fuel oil, and chemical products. Annual production averages approximately 1700 kT gasoline, 2900 kT diesel, 800 kT lubricating bases, and 900 kT asphalt.
2. Storage and Distribution Services: Storage and distribution of finished petroleum products through coastal storage deposits in Naples, Palermo, and Augusta with total capacity of 140,000 cubic meters

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Sonatrach Raffineria Italiana S.r.l. (SRI) operates an oil refinery in Augusta, Sicily, processing crude oil into refined petroleum products including gasoline, diesel, jet fuel, lubricant bases, bitumen, fuel oil, LPG, and chemicals. The company also provides integrated storage services through tank farms in Augusta, Palermo, and Naples, with a total storage capacity of approximately 140,000 cubic meters across 275 tanks and two maritime berths.

Product overview

Sonatrach Raffineria Italiana S.r.l. (SRI) operates as an oil refinery with an integrated production facility at Augusta, Sicily, complemented by storage and distribution depots in Naples, Palermo, and Augusta. The company operates a crude oil refining facility with primary and conversion capacity of approximately 800 kT monthly, producing gasoline (approximately 1700 kT annually), gasolio/diesel (approximately 2900 kT annually), lubricant bases (approximately 800 kT annually), and asphalts (approximately 900 kT annually). The product portfolio is organized into six main categories: Fuels (gasoline, diesel), Lubes & Specialties (lubricant bases, paraffins), Asphalts (bitumen products), Fuel Oil, HSGO & Cycle Oil, and Chemicals & LPG. SRI is a European leader in the production of lubricant bases, bitumen, and paraffins. The refinery consists of 2 production trains from atmospheric distillation to lubricant bases, with complex catalytic cracking, hydrofluoric acid alkylation, catalytic reforming, desulfurization, and sulfur conversion plants, plus a storage park of 275 tanks and 2 berths in Augusta harbor.

Differentiator

Problem solved

Functional benefit

Products and services

• Gasoline

Quantifiable outcome

• European market leadership in lubricating bases, bitumen, and paraffins production

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Sonatrach (Parent Company)coreOthersSonatrach Raffineria Italiana is a wholly-owned subsidiary of the Algerian state-owned oil and gas company Sonatrach. The parent company is the sole shareholder of SRI.

Scale indicators16 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• API (Anonima Petroli Italiana): Italian refiner operating the Falconara/Ancona refinery with comparable Mediterranean fuels and lubes output; similar size and direct B2B customer overlap with Italian industrial buyers.
• Saras SpA: Italian/Mediterranean refinery operator based in Sardinia with similar crude-to-products asset structure and direct overlap in fuels, diesel, and specialty outputs. Closely comparable business model and regional market focus.
• ISAB (ERG Group): Sicily-based refinery owned by ERG, operating the Priolo refinery in Augusta Bay practically adjacent to SRI; directly comparable scale, product slate, and Mediterranean supply footprint.

Broad incumbents

• Shell Italia (Shell Petroleum): Italian subsidiary of Shell with refining inputs and downstream/lubes distribution across Italy; overlaps with SRI in fuels, bitumens, and lubricant bases within broader integrated operations.
• Esso Italiana (ExxonMobil subsidiary): Italian refining and marketing arm of ExxonMobil operating the Augusta/Slivis refinery historically; part of a global supermajor portfolio with overlapping fuels and lubes offerings in the Italian B2B market.
• ENI (Eni SpA): Italian integrated oil major with significant refining and marketing operations in Italy (including Livorno and Sannazzaro); operates broadly overlapping product categories within a much larger portfolio including upstream and chemicals.
• BP Italia: Italian subsidiary of BP with refining participation and significant lubricant marketing through Castrol in Italy; an incumbent in the same fuels and lubes categories SRI produces, though as part of a much larger integrated portfolio.
• TotalEnergies: French supermajor with Mediterranean refining assets (La Mède in France) and a broader portfolio of upstream and chemicals; significant overlap in fuels, lubes, and specialty petroleum products in the European market.

Regional players

• Repsol: Spanish integrated energy company with significant Iberian/Mediterranean refining capacity (Cartagena, Tarragona, Bilbao); comparable refinery scale, products slate, and Mediterranean distribution orientation.
• Galp Energia: Portuguese integrated energy company with Iberian/Mediterranean refining (Sines refinery); comparable products slate and Mediterranean supply dynamics, though primarily Iberian rather than Italian-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInit.linkedin.com/company/sonatrach-raffineria-italiana-srl

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sonatrach Raffineria Italiana