Eg3 Combustibles S.A.

Eg3 Combustibles S.A. is an Argentine fuel refining and marketing company. It was originally created in 1994 as a joint venture between three Argentine oil companies — Compañía General de Combustibles (CGC, part of the Soldati Group), Astra Compañía Argentina de Petróleo S.A., and Isaura S.A. — with the aim of competing against the major multinationals in the Argentine fuel market, notably YPF, Shell and Esso. The company quickly established itself, reaching roughly 10% of total fuel sales and operating around 600 service stations under its brand and image. Most of its fuels were produced at the Dr. Ricardo Eliçabe refinery in Bahía Blanca, contributed to the joint venture by Isaura, and Eg3 also imported fuels, mainly diesel. In 1997 Repsol acquired 90% of Eg3's shares, leaving the Soldati group with the remaining 10%. After Repsol acquired YPF in 1999, it was obliged to divest Eg3 within six years; the assets were eventually acquired by Brazil's state-owned Petrobras through an exchange with Repsol YPF, giving Petrobras a foothold in Argentina. Petrobras initially kept the Eg3 brand but began rebranding at the end of 2000, and after acquiring the Pérez Companc refineries in 2002 it dissolved the Eg3 brand entirely. The Eliçabe family later recovered Isaura S.A. and redirected it to agrochemical production. More recently, CaleGroup relaunched Eg3 as a historic and prestigious brand in the Argentine fuel market. The relaunched company describes itself as "a company with history and future," offering efficient and profitable logistics solutions and an integrated door-to-door fuel supply service. It states that its goal is to lead the sector with a network of more than 600 service stations, and it operates a customer loyalty program that allows points to be accumulated on fuel or lubricant purchases and redeemed for products or services. The company also emphasizes values of commitment, innovation, trust and social responsibility, and presents itself as investing in the reactivation of its refinery.

Eg3 Combustibles S.A. was founded in 1994 as a joint venture between three Argentine oil companies: Compañía General de Combustibles (CGC, part of the Soldati Group), Astra Compañía Argentina de Petróleo S.A., and Isaura S.A. Its stated purpose was to compete with the leading Argentine oil company YPF and with multinationals Shell and Esso, offering quality products at competitive prices. The venture quickly gained ground, capturing about 10% of total fuel sales and operating some 600 service stations under the Eg3 brand and image. Most of its fuels were refined at the Dr. Ricardo Eliçabe refinery in Bahía Blanca, which Isaura contributed to the joint venture; Eg3 also imported fuels, mainly diesel. In 1997, Repsol expressed interest in acquiring what was then Argentina's fourth-largest fuel producer. The transaction was facilitated by the fact that Repsol already held 33% of the company through Astra. Repsol acquired 90% of Eg3's shares, leaving the Soldati group with the remaining 10%, and hoped to establish a stronger position in Argentina's growing fuel market. In 1999, Repsol acquired YPF, which obliged it to sell Eg3 within six years. The Spanish oil company found a buyer in Brazil's state-owned Petrobras, which acquired Eg3's assets through an exchange with Repsol YPF, enabling Petrobras to enter Argentina. Although Petrobras initially kept the Eg3 brand, it began changing the image at the end of 2000, leaving only a few service stations under the Eg3 brand. After acquiring the Pérez Companc refineries in 2002, Petrobras completed its entry into the country and dissolved the Eg3 brand. Despite this dissolution, the Eliçabe family recovered Isaura S.A. and redirected it to agrochemical production. At a later stage, CaleGroup relaunched Eg3 as a historic and prestigious brand in the Argentine fuel market. The relaunched company presents itself as "a company with history and future" and "Eg3 is back to stay," offering efficient and profitable logistics solutions through optimization of the logistics chain. It describes an integrated door-to-door fuel service for companies and states its ambition to lead the sector with a network of more than 600 service stations. It also operates a customer loyalty program that allows customers to accumulate points for every fuel or lubricant purchase and redeem them for products or services from a catalog, and it maintains a supplier network program emphasizing quality, efficiency, transparency and ethics. The company lists values of commitment, innovation, trust and social responsibility, and reports metrics such as barrels of oil processed daily at its refinery, service stations nationwide, direct and indirect employees, and dollars invested in reactivating the refinery.

• 2002

  After acquiring Pérez Companc refineries, Petrobras dissolves the Eg3 brand.

• 2000

  Petrobras begins rebranding Eg3 service stations.

• 1999

  Repsol acquires YPF and is obliged to divest Eg3 within six years.

• 1997

  Repsol acquires 90% of Eg3, leaving Soldati group with 10%.

• 1994

  Eg3 founded as a joint venture between CGC, Astra and Isaura.

• CaleGroup relaunches Eg3 as a historic Argentine fuel brand.

A historic Argentine fuel brand relaunched to compete with major oil companies, emphasizing quality, competitive prices, innovation and an integrated logistics service.

• Gasoline

• Diesel

• Lubricants

• Fuel logistics and door-to-door supply services

1. 1Eg3 official websiteeg3.com.ar
2. 2Sobre Nosotros – Eg3eg3.com.ar
3. 3Sobre Nosotros – Eg3eg3.com.ar
4. 4Eg3 Combustibles S.A. – Wikidatawikidata.org
5. 5Eg3 – Wikipedia (Spanish)es.wikipedia.org