CEPSA
Brief History
Cepsa - Compañia Española de Petróleos S.A. - was established in 1929 to build Spain's first independent oil refinery, but due to the Spanish monopoly arrangements was unable to retail fuel (other than a couple of outlets in Andorra) until the late 1980s. When the monopoly was broken up after Spain's accession to the EU, Cepsa was allocated around 30% of the market. In 1991 it entered into a joint venture with Elf, leading to dual branded Cepsa-Elf stations but more recently the composite branding was dropped, reverting to the simpler Cepsa name. After Elf was acquired by Total it was 48.83% owned by the larger French company for a decade, but retained considerable autonomy. In 2011 Total's interest was sold to the International Petroleum Investment Company (IPIC) of Abu Dhabi, which had already built up a 47.06% stake in the Cepsa. Cepsa is one of the few companies still to sell branded maps, in the form of its Mapamax large format atlas, jointly produced with Anaya Touring.
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Maps
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In the mid 1990s Cepsa introduced a spiral bound Guia Cepsa (right, not to same scale) incorporating a complete road map of Spain and Portugal at 1:500,000, designed to compete with the popular Campsa guide. This was prepared for them by Everest and ran to around 650 pages. |
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Maps: Portugal
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Cepsa developed a retail chain in Portugal after the market was liberalised in the late 1980s, and later acquired Total's assets there too. |
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