OREANDA-NEWS. February 11, 2014. CEPSA, through its subsidiary CEPSA Lubricantes and intermediary Berge Automocion, has made a deal to distribute on the Chinese market through SAIC Group company APSIS. This is a five-year agreement, which is renewable for a further five years.

The agreement will introduce CEPSA Lubricants to China, a market currently consuming more than 7 million tons/year. The operation is part of CEPSA's internationalisation strategy.

Our Group, which is currently building a petrochemical plant in China to produce phenol and acetone, is diversifying its activity in this part of Asia by exporting and marketing its lubricants.

To do this, in collaboration with Berge Automocion, APSIS will be using all the capacities of the SAIC Group, a leading Chinese industrial conglomerate.

The CEPSA Lubricantes products to be distributed in China are produced at the company's plant in Spain and formulated using the latest technology on the market. They are designed in coordination with world-leading, highly demanding vehicle, engine and machinery manufacturers.

CEPSA is an energy group which is wholly owned by IPIC, employing more than 10,000 people and operating 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, cogeneration and electricity sales. CEPSA has an important petrochemicals division which is closely integrated with its oil refining activities. The company manufactures and markets raw materials for producing high added-value products used mainly to produce new generation plastics and biodegradable detergent. CEPSA has a notable presence in Spain and by gradually internationalising its activities, it is now working in Algeria, Brazil, Canada, Colombia, the United Arab Emirates, Malaysia, Panama, Peru, Portugal, Surinam and Thailand, selling its products all over the world.
 
CEPSA Lubricantes is one Spain's leading companies, marketing and distributing itss lubricants in all sectors and segments under the CEPSA and Ertoil brands. In 2011 it sold 256,000 tons of base oils, paraffins, greases and finished lubricants.