Europétrole, le portail de l'industrie du pétrole
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • Cepsa and Cosmo Energy Group to seek new opportunities as partners in the lubricants market
    édité le 24/01/2019 - Plus de news de "CEPSA" - Voir la fiche entreprise de "CEPSA"

Cepsa and Cosmo Energy Group to seek new opportunities as partners in the lubricants market
Cepsa and Cosmo signed a memorandum of understanding (MOU) to study new business opportunities in the lubricants market, both in Spain and Japan and internationally.

The agreement covers potential synergies in the production of lubricants and coolants, the exchange of technology and formulations, and the search for possible partnerships in the marketing of these products, to increase their efficiency.

The alliance also reflects both companies' interest in reaching an agreement to manufacture and supply lubricants and coolants on behalf of the other company, under the Cepsa or Cosmo trademark.

At the signing of this agreement, Pedro Miró, Chief Executive Officer of Cepsa, said: “This new agreement with Cosmo will allow us to continue sharing experience and technology with one of the most important companies in the energy industry in Asia, to achieve complementary strengths that will grow our various business areas.”

For his part, Hiroshi Kiriyama, Chief Executive Officer of Cosmo Energy Holdings, as a witness by signing, emphasized: “On this occasion, it is a great privilege for Cosmo to broaden mutual collaboration through each know-how and technology. The new agreement will also deliver reliabilities and values to our customer. Cepsa has been an indispensable partner for Cosmo in Europe and then the both companies are keen to take on new challenges.”

Strategic partners

Both companies, which form part of the Mubadala portfolio of companies (Cepsa at 100% and Cosmo Energy Holdings at 20.8%), started analyzing business opportunities in 2014, when they signed an initial agreement focused on studying partnership possibilities in the Exploration and Production business.

This alliance laid the foundations to create the subsidiary Cosmo Abu Dhabi Energy Exploration & Production to operate jointly in the United Arab Emirates. Through this partnership (80% Cosmo Energy Exploration & Production, 20% Cepsa), both companies operate four oil fields in Abu Dhabi: Hail, Mubarraz, Umm Al-Anbar and Neewat Al-Ghalan, located in shallow waters to the west of the Emirate.

Lubricants business

Cepsa has a diversified portfolio of lubricants, base oils and paraffin waxes which its specialized sales team has marketed to over 80 countries since 1950. Cepsa is one of the leading companies manufacturing and marketing lubricants and base oils in Spain where it has two specialist plants, one in San Roque (Cadiz) and the other in Paterna (Valencia), where, in addition to lubricants, hi-tech refrigerants are produced. The company also exports these products to Europe and other expanding markets, such as Latin America, the Middle East, North Africa and Asia.

About Cepsa

Cepsa is a global energy company, which operates in an integrated manner at all stages of the hydrocarbon value chain as well as manufacturing products from plant-based raw materials and having a presence in the renewable energy sector. Mubadala Investment Company, one of the world's largest sovereign wealth funds, is its sole shareholder. It has more than 85 years of experience and a team of around 10,000 professionals, with technical excellence and the ability to adapt. It is present on all five continents through its Exploration and Production, Refining, Chemical, Marketing, Gas and Electricity, and Trading divisions.

Origine : Communiqué CEPSA

Voir la fiche entreprise de "CEPSA"

Les dernières news de "CEPSA"

Toutes les news de "CEPSA"
Rechercher une news

française internationale

Les dernières news internationales

>> Toute l'actualité internationale     >> RSS
Recherche de news par tags

abu-dhabi acquisition adnoc aker-bp aker-solutions algeria algerie algerie alstom anadarko angola apache australia axens baker-hughes bechtel bg-group bp brazil canada carburant cbi cgg cheniere chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt engie engineering eni equinor equinor exxonmobil feed flng fluor fluxys foster-wheeler fpso france fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge germany gnl gtt gulf-of-mexico guyana hess hydrogen india indonesia inpex iraq italy kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mexico mozambique natural-gas neptune-energy netherlands nigeria nigeria north-sea norway novatek offshore oil oman omv opec orlen pemex petrobras petrofac petronas pgnig pipeline platform poland production qatar qatar-petroleum raffinerie refinery repsol rig rosneft russia rwe saipem santos saudi-arabia saudi-aramco schlumberger selling senegal shell socar sonatrach statoil subsea subsea-7 survey technip technipfmc texas total totalenergies transocean tullow turbine uae ufip uk us vopak well wintershall wintershall-dea wood-group woodside

Europétrole © 2003 - 2024