Cepsa is an energy group fully owned by the International Petroleum Investment Company (IPIC) that employs more than 10,000 people and operates at every stage of the hydrocarbon value chain: exploration and production of oil and gas, refining, distribution and marketing of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales.
Cepsa has developed an important chemicals division that is closely integrated with the refining business, and that produces and markets the raw materials for high value-added products, principally used to make next generation plastics and biodegradable detergents. Cepsa has a leading position in Spain and, through the progressive international expansion of its business, also operates in several continents and markets its products across the world.
Cepsa has worked in Algeria for the last 30 years and is a leading operator in the exploration and production industry there. Beside its oil production facilities, Cepsa’s activities in the country also cover natural gas through its Timimoun field, currently under development, in the Berkine basin. In addition, the Company has a 42% stake in the sub-sea gas pipeline Medgaz linking Algeria and Europe through Spain.