Compañía Española de Petróleos

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Compañía Española de Petróleos, S.A.U.
Sociedad Anónima Unipersonal
Industry Petroleum
Founded Madrid, Spain (September 26, 1929 (1929-09-26))
Headquarters
Madrid
,
Spain
Area served
Worldwide
Key people
Suhail Al Mazroui, Chairman
Pedro Miró Roig, CEO [1]
Products Petroleum
Natural gas
Motor fuels
Aviation fuels
ServicesService stations
RevenueDecrease2.svg 17.94 billion (2016) [2] :114
Increase2.svg 938.39 million (2016) [2] :114
Increase2.svg 819.10 million (2016) [2] :115
Total assets Decrease2.svg 11.70 billion (2016) [2] :112
Total equity Increase2.svg 4.68 billion (2016) [2] :113
Owners Mubadala Investment Company (100,00%) (Based in United Arab Emirates)
Number of employees
9,823 (2018)
Website www.cepsa.com

Compañía Española de Petróleos, S.A.U. (CEPSA; Spanish Petroleum Company) is a Spanish multinational oil and gas company. It operates in several European countries as well as in Algeria, Canada, Colombia, Morocco, Brazil, and Panama. The company currently produces around 260,000 barrels per day (41,000 m3/d) and has a refining capacity in three refineries of 21 million tonnes/year.

Europe Continent in the Northern Hemisphere and mostly in the Eastern Hemisphere

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west and the Mediterranean Sea to the south. It comprises the westernmost part of Eurasia.

Algeria country in North Africa

Algeria, officially the People's Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. The capital and most populous city is Algiers, located in the far north of the country on the Mediterranean coast. With an area of 2,381,741 square kilometres (919,595 sq mi), Algeria is the tenth-largest country in the world, and the largest in Africa. Algeria is bordered to the northeast by Tunisia, to the east by Libya, to the west by Morocco, to the southwest by the Western Saharan territory, Mauritania, and Mali, to the southeast by Niger, and to the north by the Mediterranean Sea. The country is a semi-presidential republic consisting of 48 provinces and 1,541 communes (counties). It has the highest human development index of all non-island African countries.

Canada Country in North America

Canada is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres, making it the world's second-largest country by total area. Canada's southern border with the United States is the world's longest bi-national land border. Its capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. As a whole, Canada is sparsely populated, the majority of its land area being dominated by forest and tundra. Consequently, its population is highly urbanized, with over 80 percent of its inhabitants concentrated in large and medium-sized cities, many near the southern border. Canada's climate varies widely across its vast area, ranging from arctic weather in the north, to hot summers in the southern regions, with four distinct seasons.

Contents

History

Cepsa was founded in 1929 as a private company led by Francisco Recasens, with its first refinery located at Tenerife in the Canary Islands. Because of the CAMPSA state monopoly of fuel distribution, Cepsa sold its production to that company. It expanded to lubricant production in 1950 and petrochemical products in 1955. In 1964 it opened a factory in Portugal, and in 1967 it added a second refinery at San Roque de Cádiz. After relaxations of the state monopoly, Cepsa bought a portion of Campsa petrol stations in 1992.

In 1988, Abu Dhabi's International Petroleum Investment Company (IPIC) bought a 10% stake of Cepsa. Later Elf Aquitaine bought a 20% stake, and Cepsa became a publicly traded company in 1989. Cepsa bought a third refinery in Huelva in 1991, and entered the liquefied petroleum gas market in 1998. The company expanded to the United Kingdom, Netherlands, Canada, Algeria, Brazil, Colombia and Peru. In 2011 IPIC bought the full company for 267 million euros. [3]

Abu Dhabi Capital city of the United Arab Emirates

Abu Dhabi is the capital and the second most populous city of the United Arab Emirates, and also capital of the Emirate of Abu Dhabi, the largest of the UAE's seven emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western coast. The city of Abu Dhabi has an estimated population of 1.8 million in 2016.

The International Petroleum Investment Company (IPIC) was established by the Government of Abu Dhabi pursuant to an Emiri Decree in 1984 with a mandate to invest globally in energy and energy related industries. The Government owns 100 percent of IPIC and appoints all the members of its board of directors. Over its history, IPIC has been supported by equity contributions from the Government of Abu Dhabi.

Elf Aquitaine business

Elf Aquitaine was a French oil company which merged with TotalFina to form TotalFinaElf. The new company changed its name to Total in 2003. Elf has been maintained as a major brand of Total.

In November 2013, the firm agreed to buy Coastal Energy Co for around $2.21 billion. [4]

Sponsorship

Cepsa has sponsored the Spanish national football team since 2007 and since 2011 is one of the main partners of the Toro Rosso Formula One racing team.

Formula One is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile (FIA) and owned by the Formula One Group. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950. The word "formula" in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as Grands Prix, which take place worldwide on purpose-built circuits and on public roads.

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Campsa company

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Suhail Al Mazroui

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References

  1. http://www.cepsa.com/cepsa/Quienes_somos/Centro_de_Prensa_/Notas_de_Prensa/CEPSA_nombra_Consejero_Delegado CEPSA nombra Consejero Delegado
  2. 1 2 3 4 5 "2016 ANNUAL AND CORPORATE RESPONSIBILITY REPORT" (PDF). CEPSA. 31 December 2016. Retrieved 7 July 2018.
  3. Cespa. "Cespa company information".
  4. Sakthi Prasad (19 November 2013). "Spain's Cepsa to buy Coastal Energy in deal worth $2.2 billion". Reuters.