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2018 CHALLENGES 1

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4

adapt our supply resourCes to the new marpol 2020 rules, which regulate marine fuel, by supplying vessels with liquefied natural gas.

strenGthen the Company s tradinG aCtivities, working with other Business Units to increase added value, exploring all synergies and striving for the closest possible integration.

inteGrate tradinG Capabilities into bunKer business manaGement, capitalizing on the synergies between the two businesses to achieve greater efficiencies in a changing and competitive environment.

Constantly adapt to the requirements of Crude supply for the refineries (variety and flexibility) and to the change in the balance of products in the Cepsa system.

2017 MILESTONES 1

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3

4

broaden the ranGe of fuels offered, adapted to the new ECA regulations and covering a greater range of demand in the different ports where we operate.

GeoGraphiC eXpansion of bunKer operations, restarting supply at the Port of Gibraltar.

supply of Greater variety of Crude to refineries, having reached 44 different types from 20 countries, including 7 new types of crude used for the first time at our plants.

over one million tonnes of produCts sold in moroCCo.

2017 ANNUAL AND COrPOrATE rESPONSIBILITY report