Empresa Nacional del Petróleo (Enap) is studying the sale of oil fields, service stations and a stake in a gas terminal so as to pay off its debts. Jorge Bunster, who chairs Enap, said that the companu is carrying out a review of which assets are to be sold and a decision which expected to eb taken by the ned of March 2013. "There is a complete program of initiatives aimed at improving the company's performances, both in how the refineries operate, the use of natural gas, new investments which are coming into operation as well as the sale of some non-core as%stake in Primax S.A. and 20% stake in GNL Quintero S.A.

Empresa Nacional del Petróleo (ENAP) is reportedly seeking to sell 49% stake in Primax S.A., El Mercurio reported. ENAP has reportedly hired Santander GBM to value Primax. According to market sources, Enap's stake could fetch $300 million. ENAP is also seeking to sell interests in oil wells in Egypt and Argentina.