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.

1930

First Spanish refinery: Tenerife. First supplier of marine fuel (bunker).

1950

First Spanish producer of lubricants.

1954

First platforming unit in Spain. (Platforming is a process for enhancing the quality of gasoline.) First Spanish producer of aromatic petrochemical products.

1969

Second refinery: Gibraltar. One of the most important petrochemical complexes in Europe.

1970

Start of collaboration with leading multinationals in the petrochemical industry.

1980

Network of branches and subsidiary marketing companies in Spain and other European countries.

1984/1987

The petrochemical subsidiaries PETRESA and INTERQUISA become 100% CEPSA-owned.

1988

IPIC joins shareholding body.

1990

Elf Aquitaine joins shareholding body.

1991

Acquisition of ERTOIL and third refinery: La Rábida.

1992

Purchase of 25% of CAMPSA commercial assets.

1994

Acquisition of ERTISA. Discovery of crude oil in Algeria.

1995

First industrial plant in North America: PETRESA Canada, Inc.

1996

Extraction of crude begins in Algeria. Sale of propane and butane to final consumers.

1997

Complete merger of ERTOIL into CEPSA.

1998

New butane cylinder of stainless steel, safer and with only half the weight of the traditional cylinder.

1999

PETRESA (100% CEPSA) adquiere DETEN, compañía brasileña productora de alquilbenceno lineal (LAB).

2000

CEPSA, pioneer in the marketing of butane cylinders via its network of service stations.

2001

Construction begins on second petrochemical facility in Canada: INTERQUISA Canada Inc.

2002

MEDGAZ Project: technical feasibility of new Algerian-European gas pipeline via Spain confirmed. Second oil field in Algeria, OURHOUD, placed on stream.

2005

CEPSA Marine Fuels (CMF) began operating, founded to expand the international activity of supplying fuels to ships.

2008

On 1 July, CEPSA Química was founded, establishing a single operations department and practical improvements between plants.