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CHAPTER 2 Get to know us

2.4 OUR ACTIVITIES

This unit covers refining, the supply of gas and electricity and the trading of crude oil and associated products.

The activity at our refineries enables us to convert crude oil into oil derivatives. We have a total crude distillation capacity of 23.6 million tonnes a year, 32% of the installed capacity in Spain.

We provide gas and electricity to both industrial customers and consumers in the service sector in Spain and Portugal. With the start-up of the Alijar II Wind Farm in Jerez we have entered the renewable energy business; complementing the current park of high efficiency cogenerations located in our main industrial centres, and which produce electricity and industrial steam.

EXPLORATION & PRODUCTION

REFINING

GAS & ELECTRICITY

Our Exploration and Production unit focuses on oil and natural gas exploration, development and production on land and at sea. We operate in: Spain, Latin America, North Africa, the Middle East and South East Asia.

We are currently exploiting the second largest oil field in Algeria and have a diversified portfolio with onshore and offshore assets.