CEPSA, an energy group headquartered in Madrid, Spain, opened a new fully automated and state-of-the-art lubricants warehouse in San Roque, Spain, on March 31^st.

The location of the new warehouse, near to the Gibraltar-San Roque Refinery, means it is tightly integrated into the production process, from the manufacture to the final distribution of the product. The centre occupies a space of 4,590 square meters.

CEPSA Lubricants Director Carlos Giner said that the investment of EUR 14 million (USD 15.93 million) in this centre “is part of the company’s investment in the future in its industrial plants that are the backbone for our distribution business both in the Iberian peninsula, as well as in the international market.”

At the inauguration ceremony the official for Work, Business, and Commerce from the Andalusian government, José Sánchez Maldonado, said CEPSA’s new lubricants warehouse was “an example of Andalusian ability to compete in international markets, an example of efficiency, knowledge and innovation, which is what we want to see in the industrial development of Andalusia.”

CEPSA offers a diversified portfolio of lubricants, base oils and paraffins sold across 80 countries since 1950 through a specialised sales team. The company sells more than 235,000 tonnes a year of lubricants, refrigerants, base oils and paraffins, making it a market leader at home, while also exporting products to the rest of Europe and emerging markets in Latin America and Asia.

CEPSA, which is fully owned by International Petroleum Investment Company (IPIC), employs more than 10,500 people and operates at every stage of the hydrocarbon value chain. It is engaged in petroleum and natural gas exploration and production activities, refining, transport and sale of crude oil and natural gas derivatives, biofuels, co-generation and electricity sales. CEPSA has developed a world-class chemicals division that is tightly integrated with its oil-refining segment.