CEPSA'S HISTORY

Our birthplace was Spain, and since then we have not stopped growing and now have operations across five continents. Step by step we have developed our businesses and products to become what we are today: one of the most important global energy companies.


1929-1939
1940-1949
1950-1959
1960-1969
1970-1979
1980-1989
1990-1999
2000-2009
2010-2017

1980

We expand quickly both in and outside Spain. We build a network of commercial offices and subsidiaries in different European countries such as the United Kingdom.

1984-87

We strengthen our chemicals business through the full acquisition of our petrochemicals subsidiaries INTERQUISA and PETRESA.

1988

We open doors to new markets. We start collaborations in the Persian Gulf, and IPIC becomes a shareholder in Cepsa.

1929

Our journey started in Spain, where we founded the first private oil company in the country, the Compañía Española de Petróleos, S.A.

1930

We build the first refinery in Tenerife and become the first Spanish supplier of marine fuels. This same year, we sign our first agreements with distributors in Africa and Portugal.

1940

We began the exploration and production business with the creation of the Compañía de Investigación y Explotación Petrolífera (CIEPSA).

1947

We continue to expand our E&P business and build the first well to be operated in Spain, the Oliana-1.

1990

We sign an agreement with the French company Elf Aquitaine.

1991

We buy 100% of the lubricants company ERTOIL and Cepsa’s third refinery, La Rábida.

1992

We acquire a 25% stake in CAMPSA.

1994

A year of one of the most important landmarks in Cepsa’s history, following the oil discovery in Algeria. This same year, we buy ERTISA, a petrochemicals company that produces cumene, phenol and acetone.

1995

We take another step forward in making our petrochemicals operations more international after building our first industrial plant in North America, PETRESA Canada Inc.

1996

Besides starting our oil production business in Algeria, we start to sell propane and butane to houses.

1998

We continue to innovate to improve people’s day-to-day lives. We design a new stainless steel butane bottle, lighter and safer than a traditional bottle. This same year we create Cepsa Panama.

1999

We don’t stop growing, and reach South America. We acquire the controlling stake in the Brazilian company DETEN Chemicals.

2000

We bring energy to every reality. We are pioneers in selling butane bottles at our service stations.

2001

We grow our business in Canada. We construct our second petrochemicals plant in the country, INTERQUISA Canada Inc.

2002

We start the MEDGAZ project to build a gas pipeline between Algeria and Europe via Spain, and continue to invest in E&P through our second oil field in Algeria.

2003

We strengthen our presence in Canada with the construction of the new INTERQUISA plant.

2004

We are committed to our social and environmental surroundings. We publish Cepsa’s first sustainability report.

2005

We grow our international bunkering operations through the creation of Cepsa Marine Fuels (CMF).

2008

We establish Cepsa Química to create a sole business area and integrate our INTERQUISA, PETRESA and ERTISA plants. We also start our business in Colombia.

2009

We grow our presence in North Africa. The country’s authorities approve the natural gas development project at Timimoun in Algeria.

1970

Cepsa’s globalization comes to the fore. We work with multi-national leaders to strengthen our petrochemicals business. We start to produce biodegradable detergents and the raw material used to make polyester.

2010

We invest in the future. We make the largest investment in our history through the expansion of our mid-distillates capacity at La Rábida Refinery.

2011

We start up the MEDGAZ project, through a 20% stake.

2011

Sovereign wealth fund IPIC gives us the final drive needed to become a global energy company of choice by buying all Cepsa’s shares and becoming our sole shareholder.

2013

We continue to expand our E&P business in Malaysia and Thailand. We also inaugurated Cepsa’s offices in Abu Dhabi.

2014

We open our new headquarters at the Cepsa Tower in Madrid, one of the most modern and innovative buildings in Europe. We start our oil production facilities in Peru.

2015

We start our growth plan in Asia with the opening of our plant in Shanghai, becoming the world’s second largest producer of phenol and acetone. That same year we buy a chemicals plant in Germany through our Sinarmas Cepsa joint venture.

2016

We intensify our social commitment by creating Fundación Cepsa, a non-profit entity to care for the communities and environments where we work and promote initiatives to help people in their daily lives.

2017

IPIC and Mubadala merge to form a new company: Mubadala Investment Company.

The Sinar Mas Cepsa joint venture inaugurates its first oleochemicals plant in Indonesia.

1964

We open our first base outside Spain in Portugal through the establishment of Cepsa Portuguesa S.A.

1969

We build the Gibraltar-San Roque Refinery, currently Spain’s largest refinery and one of the main petrochemicals sites in Europe.

1950

We take another step in bringing energy to people. We become the first Spanish manufacturer of lubricants.

1954

We seal our commitment to quality. We are pioneers in installing a platforming unit in Spain to improve the characteristics of our gasoline, and we create the first petrochemicals aromatics units in Europe.

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