Saras S.p.A. (OTCMKTS: SAAFY) is an independent energy group headquartered in Sarroch, Sardinia, Italy. Established in 1962, the company’s principal activity is the refining and marketing of petroleum products. At its core is a large-scale refinery complex on the Mediterranean coast, where crude oil is processed into a range of fuels and feedstocks including gasoline, diesel, jet fuel, liquefied petroleum gas (LPG) and bitumen. Saras’s integrated approach extends from crude procurement to distribution, serving both domestic Italian markets and export destinations across Europe.
In addition to refining operations, Saras is active in power generation through a subsidiary that operates combined-cycle gas turbine (CCGT) plants. These facilities provide electricity to the national grid under long-term supply agreements, helping to stabilize the company’s revenue stream against oil price fluctuations. Saras has also begun to diversify its energy mix by investing in renewable projects, notably wind farms in southern Italy, as part of its strategy to reduce carbon intensity and enhance sustainability.
The group’s logistics capabilities include a modern tank farm and a fleet of owned and chartered vessels, managed through its shipping arm, which ensures secure transport of crude and finished products. This vertical integration allows Saras to optimize storage, maritime transport and distribution, maintaining flexibility in sourcing and marketing and reinforcing its position in the Mediterranean energy corridor.
Saras is controlled by the Moratti family, which has overseen the company’s development over several decades. While still primarily focused on refining and energy generation, Saras continues to evaluate strategic opportunities in petrochemicals and low-carbon technologies. Its enduring presence in the Italian energy sector and ongoing investments in infrastructure and sustainability underpin its long-term vision.
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