History
CEPSA has operated in the energy sector since 1929, when it was set up as the first private oil company in Spain.
Operating on several continents, the Group is a dynamic enterprise with an innovative spirit. Over its long history it has made applied research in productive processes, along with the development of new products, one of its chief hallmarks.
Seeking excellence in business, today at CEPSA we maintain the firm commitment to customer satisfaction that from the outset has been a feature of the Group, working with systems that ensure the quality of our products and services.
CEPSA, a group with solid experience
1929 |
Compañía Española de Petróleos, S.A. is set up. First private oil company. |
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1930 |
First Spanish refinery: Tenerife. First supplier of marine fuel (bunker). |
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1940 |
Established CIEPSA. |
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1947 |
First wildcat drilled in Spain: Oliana-1. |
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1950 |
First Spanish producer of lubricants. |
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1954 |
First platforming unit in Spain. (Platforming is a process for enhancing the quality of gasoline.) First Spanish producer of aromatic petrochemical products. |
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1969 |
Second refinery: Gibraltar. One of the most important petrochemical complexes in Europe. |
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1970 |
Start of collaboration with leading multinationals in the petrochemical industry. |
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1980 |
Network of branches and subsidiary marketing companies in Spain and other European countries. |
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1984/
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The petrochemical subsidiaries PETRESA and INTERQUISA become 100% CEPSA-owned. |
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1988 |
IPIC joins shareholding body. |
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1990 |
Elf Aquitaine joins shareholding body. |
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1991 |
Acquisition of ERTOIL and third refinery: La Rábida. |
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1992 |
Purchase of 25% of CAMPSA commercial assets. |
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1994 |
Acquisition of ERTISA. Discovery of crude oil in Algeria. |
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1995 |
First industrial plant in North America: PETRESA Canada, Inc. |
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1996 |
Extraction of crude begins in Algeria. Sale of propane and butane to final consumers. |
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1977 |
Complete merger of ERTOIL into CEPSA. |
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1998 |
New butane cylinder of stainless steel, safer and with only half the weight of the traditional cylinder. |
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1999 |
PETRESA (100% CEPSA) adquiere DETEN, compañía brasileña productora de alquilbenceno lineal (LAB). |
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2000 |
CEPSA, pioneer in the marketing of butane cylinders via its network of service stations. |
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2001 |
Construction begins on second petrochemical facility in Canada: INTERQUISA Canada Inc. |
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2002 |
MEDGAZ Project: technical feasibility of new Algerian-European gas pipeline via Spain confirmed. Second oil field in Algeria, OURHOUD, placed on stream. |
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2003 |
Inauguration of the Interquisa plant in Canada |
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2004 |
CEPSA publishes its first sustainability report. |
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2005 |
CEPSA Marine Fuels (CMF) began operating, founded to expand the international activity of supplying fuels to ships. |
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2008 |
On 1 July, CEPSA Química was founded, establishing a single operations department and practical improvements between plants. |
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2009 |
CEPSA received permission from the Algerian authorities to develop the gas field at Timimoun. The field is expected to commence production towards the end of 2014, producing 5 million m3 per day. |
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2010 |
In October, His Majesty King Juan Carlos I inaugurated the Middle Distillate Production Capacity Expansion at La Rábida refinery in Huelva. This is the biggest investment CEPSA has ever undertaken, with the exception of the construction of its three refineries. |
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2011 |
MEDGAZ start-up, project in which CEPSA participates with 20% stake. |
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2011 |
IPIC adquired 100% of CEPSA. The Abu Dhabi sovereign wealth fund Company launched Public Takeover Bid on 100% of CEPSA’s Share Capital, approved by the company’s Board of Directors’ meeting held on August, 2. IPIC became the only owner of CEPSA, which is de-listed from Spanish stock exchanges. Santiago Bergareche is appointed as the company’s Chairman and H.E. Khadem Al Qubaisi as Vice Chairman and CEO. |
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CEPSA´s history 