OIL ORIGIN 2018

2018 2019 1 1

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MILESTONES CHALLENGES

PRODUCTION STARTS AT THE NEW SORBEX 2 UNIT AT THE GIBRALTAR-SAN ROQUE REFINERY, with production capacity of 50,000 tons of metaxylene, a raw material in the manufacture of synthetic fibres and plastics.

RENEWAL OF ISO 50001 CERTIFICATION AT LA RÁBIDA REFINERY, confirming our commitment to energy efficiency.

RECORD UTILIZATION OF THE MEDGAZ PIPELINE OF 81.4%, up 4.6 percentage points on 2017.

TRADING AREA BEGINS COMMERCIALIZATION OF CRUDE OIL FROM UMM LULU, our new oilfield in Abu Dhabi.

CONSTRUCTION FOR THE BOTTOM OF THE BARREL PROJECT AT THE GIBRALTAR SAN ROQUE REFINERY was completed, which will boost the conversion yield of heavy products to intermediate products.

START OF CONSTRUCTION OF FOURTH COMPRESSOR AT OUR GAS PIPELINE MEDGAZ, with the aim of starting up facilities in 2020.

IMPLEMENTATION OF KEY CROP PROJECTS (Continuous Refining Optimization Program) which will improve our facilities efficiency and increase refining margins.

PRODUCTION STARTS AT THE ALIJAR II WIND FARM adding renewable energy sources to our power generation business.

EXPANSION OF TRADING ACTIVITIES, building on the strengths of our system and improving our value chain.

38%

38%

8%

6%

6% 3 %

1%

RussiaWest Africa

Middle East

Northern Africa

Mediterranean

America

North Sea

212018 ANNUAL AND CORPORATE RESPONSIBILITY REPORT

AF_CEPSA_IARC19_ENG_V9.indd 21 17/5/19 11:43