Downstream
The strength of the integrated model

 

This business comprises the supply and trading of crude and products, oil refining, the production and marketing of oil and petrochemical products, and the marketing of liquefied natural gas (LNG).
In 2016, Repsol maintained European leadership in terms of margins in the industrial and commercial businesses, thanks to the good quality of its assets and operational improvements made in recent years.


Downstream

 

 

7.2


$/barrel:
refining margin in the fourth quarter
of 2016

 

 

 

30%


increase
in earnings
from the
Chemicals
business

 

 

 

50%


of Lubricants, Asphalts, and Specialized
Products sales
are made on the international market

 

 

 

6%


increase
in sales
of AutoGas
in Spain

 

 

 

38%


increase
in sales
of natural gas
in North America

 

Strategy

  • High level of integration of Refining, Chemicals, and Marketing activities
  • Improved asset efficiency and optimization
  • Customer focus and partnerships with leading companies
  • Internationalization strategy in Chemicals and Lubricants
  • Reduction of energy costs and CO2 emissions

 

2016 Milestones

Repsol Elite

Launch of a new range of lubricants, Repsol Elite, which improves engine efficiency

 

New lubricants markets

New lubricants markets: India, Turkey, Arab Emirates, Saudi Arabia, and Lebanon

 

Agreement with Correos

Agreement with Correos to allow customers to send and receive packages at our service stations

 

Repsol Resistex

New range of metallocene-based polyethylene Repsol Resistex®

 

Best petrochemical company

Named best petrochemical company in 2016 by the prestigious magazine Petroleum Economist

 

Inauguration of the new logistics terminal in Sines (Portugal)

Inauguration of the new logistics terminal in Sines (Portugal) for receiving, storing, and dispatching diesel

 

Improved efficiency during programmed stops

Improved efficiency during programmed stops in the Cartagena and Tarragona refineries (Spain)

 

Inauguration of the low-sulfur diesel production unit at La Pampilla (Peru)

Inauguration of the low-sulfur diesel production unit at La Pampilla (Peru): 15% increase in its refining capacity

 

DOWNSTREAM ADJUSTED NET INCOME
€ Million 2015 2016 Variation
Europe
2,046
1,895 (151) 
Rest of the world
104 (12) (92) 
Adjusted Net Income
2,150
1,883
(267) 
DOWNSTREAM MAIN FIGURES

2015 2016
Refining capacity (kbbl/d) 998 1,013
Conversion Index (%) 59 59
Processed crude oil (million tons) 43.3 43.2
Refining margin indicator ($/Bbl) - -
   Spain 8.5 6.3
   Peru 7.0 3.1
Number of service stations 4,716 4,715
Oil product sales (kt) 47,605 48,048
Petrochemical product sales (kt) 2,822 2,892
LPG sales (kt) 2,260 1,747
LNG sold in North America (Tbtu) 299 414