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September 02, 2015 3:59 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Compañía Española de Petróleos, S.A.U.

Company Overview

Compañía Española de Petróleos, S.A.U. operates as an integrated energy company worldwide. It engages in the exploration, development, and production of crude oil and natural gas in onshore and offshore oilfields in Algeria, Colombia, Peru, Brazil, Spain, Suriname, Thailand, Malaysia, Kenya, and Liberia, as well as in the United Arab Emirates; refining and production of oil products, such as diesel, gasoline, fuel-oil, kerosene, liquefied petroleum gas (LPG), and other products; and marketing of motor and other fuels, LPG, marine and aviation fuels, asphalts, and lubricants through sales channels, as well as through a network of agents and distributors. The company operates a network of appr...

Torre CEP SA Paseo de la Castellana

Madrid,  28046


Founded in 1929

11,069 Employees


34 91 337 60 00


34 91 337 62 25

Key Executives for Compañía Española de Petróleos, S.A.U.

Chief Executive Officer, Vice Chairman, Director, Chairman of Management Committee, Chairman of Ethics Committee, Chairman of Investments Committee and Chairman of Risks Committee
Chief Financial Officer, Director, Member of Management Committee, Member of Ethics Committee, Member of Investments Committee and Member of Risks Committee
Chief Operating Officer
Senior Vice President of Exploration, Production, Natural Gas & Corporate Management
Senior Vice President of Petrochemicals
Compensation as of Fiscal Year 2015.

Compañía Española de Petróleos, S.A.U. Key Developments

Compañía Española de Petróleos, S.A.U. Reaches Agreement with Continental AG, to Supply XTAR Lubricants for National Network of Auto Repair Shops

Compania Espanola de Petroleos, S.A.U., has reached an agreement with Continental AG, to supply XTAR lubricants for its national network of auto repair shops, which it runs under the BestDrive franchise. BestDrive, the network's trade name, is present in 16 countries in Europe and has more than 900 points of sale. For now the agreement will entail increasing sales of Cepsa's organic lubricants and refrigerants at 186 points of sale located throughout Spain. At the signing of the agreement in Cepsa Tower, Gonzalo Gimenez highlighted Cepsa's 'premium' status as a supplier, adding that 'Cepsa is also the supplier that has best adapted to the needs of BestDrive auto repair shop network.' Carlos Giner, in turn, stressed the strategic nature of the alliance with Continental.

Compania Espanola de Petroleos, S.A.U. Wins Lubricants Supply Contract from SASEMAR

Compania Espanola de Petroleos, S.A.U. or Cepsa has won a lubricants supply contract from the SASEMAR. Having been granted the award of the contract the company will supply lubricants to the rescue boats and ships belonging to this public entity. Cepsa will meet the oil and grease supply needs of the 73 vessels which comprise the SASEMAR fleet: 55 Salvamar-class vessels (agile speed boats with a shallow hull used when a rapid response is needed), 14 tugs, and 4 Guardamar-class vessels (that have similar characteristics as the Salvamars, but are bigger). The one-year contract, with a one-year extension option, will cover an estimated supply of around 60 tons of lubricants. It also includes periodic analysis of the delivered product, to guarantee the efficiency and optimum performance of the vessels.

Cepsa Announces Executive Changes

Cepsa has announced the appointment of H.E. Al Mazrouei as chairman of the board, succeeding H.E. Khadem Al Qubaisi, who recently tendered his resignation. As part of the recent restructuring of IPIC's Board of Directors, H.E. Suhail Al Mazrouei, current Minister of Energy of the United Arab Emirates (UAE), was designated Managing Director of IPIC. He also holds multiple leadership positions in numerous entities and companies in the UAE and in other countries.

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