The story
The National Administration of Fuels, Alcohols and Portland (ANCAP) was created by Law No. 8,764, on 15 October 1931 during the administration of Gabriel Terra. With its creation, the state monopoly on the import and refining of crude oil was established, as well as on the import and manufacture of alcohol and distilled alcoholic beverages. In addition, the installation of portland factories and related products was approved, to increase the performance of public works to, in turn, reduce unemployment caused by the crash of 1929.
In the 1930s, the company built its first oil facilities to serve as a distributor, as well as the La Teja Refinery that, with a refining capacity of 600 m3 per day, led to the cessation of imports of manufactured products. It also entered a market for refined liquid fuels, through the import and sale of products throughout the country, and the first two filling stations were installed in Montevideo. In the 1940s, due to the increase in the activity of the Uruguayan economy and the need to ensure the energy supply, the company acquired oil tankers, carried out technical reforms to increase the processing capacity of the Refinery and began negotiations to modify the agreement with private oil companies, for the supply of crude oil and for the profits guaranteed to multinational companies, for the commercialization of diesel oil, diesel oil and fuel oil.
In the 1990s, the commercialization in the country of products intended for the public began to be carried out in filling stations with the ANCAP seal under concessions to private companies such as branches.
From Wikipedia’s article on ANCAP (Uruguay), shared under CC BY-SA 4.0.4