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Cepsa

Cepsa

Industry: 
Energy
Country: 
Spain
Sources: 

"Iran's oil exports to Spain have climbed by three million barrels per month upon signing short-term contracts with Cepsa, Respol as well as BP oil industry companies. The National Iranian Oil Company (NIOC) and Spain's Repsol S.A. have inked an agreement to deploy a one-million-barrel shipment on a monthly basis turning Repsol into the second Spanish buyer of the Iranian crude after Cepsa. The new contract, which follows an earlier one signed with Cepsa (Spanish Petroleum Company), had doubled Iran's oil export volume to the European country. In addition, NIOC has sealed a separate agreement with BP (British Petroleum) in the form of spot contracts to export a total of one million barrels per month. Overall, given the signing of three contracts to sell oil to Cepsa and Repsol of Spain and well as BP, the volume of Iran's crude exports has tripled as compared with the figure during sanction years." (Mehr News Agency, “NIOC, Repsol seal oil sale deal,” 6/26/2016)

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"Spain's Cepsa, signed import deals with state-owned National Iranian Oil Co soon after the sanctions were lifted in January. Loadings to Spain are set for 32,000 bpd in May, while Greece will take 65,000 bpd.” (Reuters, "Iran's May oil exports set to surge nearly 60 percent from a yearago: source,” 5/18/2016)

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"Other oil companies in the Mediterranean including Spain's Cepsa and three other Italian oil firms, ERG, Iplom and Saras have planned to take their last cargoes from Iran in June, other market sources said." (Reuters, "Eni suspends Iran's debt payments in oil," 5/31/2012) 

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