Moeve , formerly known as Cepsa , ( Compañía Española de Petróleos, Sociedad Anónima , "Spanish petroleum company, S.A. ") is a Spanish multinational energy integrated company headquartered at Torre Cepsa in the Cuatro Torres Business Area in Madrid , Spain . It operates in several European countries as well as in Algeria , Canada , Colombia , Morocco , Brazil , and Panama . The company currently produces around 260,000 barrels per day (41,000 m/d) and has a refining capacity in three refineries of 21 million tonnes/year.
6-620: Cepsa was founded in 1929 as a private company led by Francisco Recasens, with its first refinery located at Tenerife in the Canary Islands. Because of the CAMPSA state monopoly of fuel distribution, Cepsa sold its production to that company. It expanded to lubricant production in 1950 and petrochemical products in 1955. In 1964 it opened a factory in Portugal, and in 1967 it added a second refinery at San Roque de Cádiz. After relaxations of
12-530: The Spain national football team since 2007 and since 2011 has been one of the major sponsors of the Toro Rosso Formula One racing team until 2015 but not directly supplying fuels and lubricants. This article about a natural gas or petroleum-related company is a stub . You can help Misplaced Pages by expanding it . CAMPSA Compañía Arrendataria del Monopolio del Petróleo, S.A. (Campsa)
18-490: The United Kingdom, Netherlands, Canada, Algeria, Brazil, Colombia and Peru . In 2011 IPIC bought the full company for 267 million euros. In November 2013, the firm agreed to buy Coastal Energy Co for around $ 2.21 billion. On October 30, 2024, Cepsa oficially changed its name to Moeve, a measure destined to reflect its orientation towards sustainable strategies and low-emitting energy projects. Cepsa has sponsored
24-839: The company, primarily focused on logistics and pipeline services but also its historical archives, were incorporated under the name Compañía Logística de Hidrocaburos, S.A. (CLH). Following a 2008 agreement between CLH and the National Energy Commission the latter took over the archives. During the period of the Second Republic, CAMPSA's activity was focused on the commercialization of oil and its derivatives, for which it built 16 storage areas and another 34 smaller storage points. However, it practically did not develop exploration activities for oilfields on Spanish soil, nor did it acquire oilfields abroad. The Compañía arrendataria del monopolio del petróleo (C.A.M.P.S.A.)
30-462: The state monopoly, Cepsa bought a portion of Campsa petrol stations in 1992. In 1988, Abu Dhabi 's International Petroleum Investment Company (IPIC) bought a 10% stake of Cepsa. Later Elf Aquitaine bought a 20% stake, and Cepsa became a publicly traded company in 1989. Cepsa bought a third refinery in Huelva in 1991, and entered the liquefied petroleum gas market in 1998. The company expanded to
36-605: Was the state-owned petroleum products company of Spain . Created in the 1920s during General Primo de Rivera 's dictatorship, it was dissolved in 1992 owing to the demands of the European Union . Its assets were distributed to the largest private petroleum companies in the Spanish market at the time, which were mainly Repsol , Cepsa and BP . The rights to the Campsa brand were given to Repsol . The remaining assets of
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