WE PARTNERED WITH MASDAR TO EXPAND OUR RENEWABLE ENERGY BUSINESS INTERNATIONALLY. We have complementary capabilities to enable us to develop projects together.
THIRD CSCHEM PLANT STARTED UP IN NIGERIA. Cepsa holds a 30% stake in the company, and total LABSA production at the plants now stands at 90,000 tons.
WE LAUNCHED CEPSA HOGAR, becoming the fi rst company in Spain to offer electricity, natural gas and vehicle fuel services in one package.
WE COMMISSIONED THE OPTIMIZATION OF THE AROMATICS PLANT AT LA RÁBIDA, which brings more added value to the plant and boosts the output of benzene: a basic raw material in the chemical industry.
WE REVITALIZED OUR SAN ROQUE CHEMICAL PLANT BY INSTALLING THE BEST TECHNOLOGY. Updating the technology at the chemical plant will enable us to increase linear alkylbenzene (LAB) output by 25%.
WE ACQUIRED A 35% STAKE IN CEPSA GAS COMERCIALIZADORA. Following the purchase we now hold a majority stake of 70%.
WE STRENGTHENED OUR EXPLORATION AND PRODUCTION ACTIVITIES IN ALGERIA. We won a new contract for the production of the RKF fi eld, began production at our fi rst natural gas fi eld, Timimoun, and increased our stake in BMS (Bir el Msana) from 45% to 75%.
ADNOC SELECTED US AS ITS PARTNER IN THE SARB AND UMM LULU FIELDS. Abu Dhabi s National Oil Company (ADNOC) awarded us a 20% interest in production at these two fi elds, which are among the largest in the country.
OUR BOARD APPROVED THE BOTTOM OF THE BARREL PROJECT AT THE GIBRALTAR SAN ROQUE REFINERY. The project has a budget of 930 million, which will help improve competitiveness and our refi ning margin.
WE LAUNCHED THE FIRST MULTI-PRODUCT SUPPLY VESSEL IN SPAIN, becoming the only ship-to-ship supplier of a combination of diesel fuel and liquefi ed natural gas (LNG) in the Mediterranean and South Atlantic.
1.1 MILESTONES FOR THE YEAR
2018 ANNUAL AND CORPORATE RESPONSIBILITY REPORT
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