Cepsa

History

Compañía Española de Petróleos, S.A. (CEPSA) was set up as the first private oil company in Spain in 1929. The company formed its first refinery in Spain in 1930 and the second in Gibraltar in 1969. They became the first Spanish producer of lubricants in 1950. In 1954, the company formed the first platforming unit in Spain and also became the first Spanish producer of aromatic petrochemical products. In the 1970s, Cepsa began collaborating with leading multinationals in the petrochemical industry. The 1980s saw Cepsa making a network of branches and subsidiary marketing companies in Spain and other European countries. Cepsa grew through acquisitions in the 1990s. In 2000, the company became a pioneer in marketing of Butane cylinders. Today, Cepsa is a leader in petroleum and petrochemistry related activities.

Mission

The mission of Cepsa is developing and consolidating their businesses, with product and service quality being a top priority.

Area of Operation

The businesses of Cepsa are:

Products & Services:

• Asphalts
• Lubricants
• Service Station
• DEPASO Stores
• Cards
• Direct Sales (gasoil & fuel)
• Butane & Propane
• Natural Gas & Electricity
• Bunker
• Aviation
• Petrochemicals

Markets:

• Private Drivers
• Road Transport
• Garages
• Agriculture
• Home
• Civil Works
• Industry & Services
• Marine

Key Statistics

• Cepsa holds assets of $9.37 billion.
• Cepsa has made profits of $0.88 billion in 2006.
• Cepsa operates in numerous European countries including Spain, Portugal, Italy, UK, as well as in Algeria, Brazil, Canada, Colombia, Morocco and Panama.
• Cepsa has 10,783 employees.

Organization

The organizational structure of Cepsa includes:

• Board of Directors
• Executive Officers

International Ranking

• Cepsa ranks 479 in the world according to Forbes Magazine list.
• Cepsa ranks 322 in Fortune Global 500 list.

Subsidiaries

Cepsa and its Group of companies have many subsidiaries and associates. PETRESA and INTERQUISA are two such subsidiaries of Cepsa.

Recent Merger and Acquisition:

• 1991: Acquisition of ERTOIL and third refinery La Rábida.
• 1992: Purchase of 25% of CAMPSA commercial assets.
• 1994: Acquisition of ERTISA.
• 1997: Complete merger of ERTOIL into CEPSA.
• 1999: PETRESA (100% CEPSA) acquires DETEN

Headquarter Address

Avenida del Partenón 12
Planta 4a - Sector C
28042 Madrid
Spain
Phone: 34-91-337-6000