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INDUSTRIES

&

MARKETSOilrefineryindustryinSpainCHAPTER

01OverviewSelectedfiguresabouttheoilrefineryindustryinSpainin2022KeyfiguresontheoilrefineryindustryinSpain2022ParameterValue48.51bnEUR34.49bnEUR768mEURover200k9SalesExportsInvestmentinrefiningNumberofemployeesNumberofrefineries4Description:In2022,theoilrefineryindustryinSpaingeneratedarevenueofsome48.5billioneurosandemployedover200thousandpeople.Inthatyear,therewereatotalofninepetroleumrefineriesoperatinginthecountry.

ReadmoreNote(s):SpainSource(s):AOPSalesrevenueoftheoilrefiningindustryinSpainin2018and2022(inbillioneuros)SalesvolumeoftheoilrefiningsectorinSpain2018-20226051.7348.515040.0739.0740302010028.28201820192020202120225Description:During2022,therevenueoftheoilrefiningindustryinSpainstoodat48.5billioneuros.In2021,therevenuereachedapeakof51.7,anincreaseofmorethan13billionfromthepreviousyear.Theindustry'srevenuereacheditslowestpointin2020at28.28billioneuros.ReadmoreNote(s):Spain;2018to2022Source(s):AOPOilrefinerycapacityinSpainfrom2005to2022(in1,000barrelsperday)OilrefinerycapacityinSpain2005-20221,8001,6001,4001,2001,00080060040020002005200620072008200920102011201220132014201520162017201820192020202120226Description:Spain'soilrefinerycapacityincreasedfromroughly1.38millionbarrelsperdayin2005to1.59millionbarrelsdailyin2019.Sincethen,capacitiesintheEuropeancountryhaveremainedaroundthesame.In2022,thedailyoilrefinerycapacitiesofSpainmadeuparoundtwopercentoftheworld'stotaldailycapacity,whichstoodataround101.9millionbarrelsperday.ReadmoreNote(s):Spain;2005to2022Source(s):EnergyInstitute;Kearney;KPMGOilrefinerycapacityinSpainin2022,bycompany(inmillionmetrictons)CapacityofoilrefineriesinSpain2022,bycompanyCapacityinmillionmetrictons05101520253035404550RepsolCepsaBP44.527.95.4Asesa1.47Description:Repsolrefinerieshadatotalcapacityof44.5millionmetrictonsinSpainin2022,whichrepresentedthehighestcapacityamongallothercompaniesintheMediterraneancountry.ThesecondandthirdwereCepsaandBP,with27.9and5.4millionmetrictons,respectively.ReadmoreNote(s):Spain;2022Source(s):CORESVolumeofpetroleumproductsproducedinSpainfrom2003to2023(inmillionmetrictons)ProductionofpetroleumproductsinSpain2003-202360504030201002003

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20238Description:In2023,atotalof46.8millionmetrictonsworthofpetroleumproductswereproducedacrossSpain.Thisrepresentedadecreaseofroughly10percentfromthepreviousyear.Overthelasttwodecades,Spain'sproductionofpetroleumproductsreachedarecordhighof55.2millionmetrictonsin2018.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofpetroleumproductsconsumedinSpainfrom2003to2023(inmillionmetrictons)ConsumptionofpetroleumproductsinSpain2003-20237060504030201002003

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20239Description:In2023,atotalof46.7millionmetrictonsworthofpetroleumproductswereconsumedacrossSpain.Thisrepresentedadecreaseofroughly10percentfromthepreviousyear.Overthelasttwodecades,Spain'sconsumptionofpetroleumproductsreachedarecordlowof41.8millionmetrictonsin2020,ayearmarkedbytheCOVID-19pandemicanditsassociatedmobilityrestrictions.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaCHAPTER

02TradeVolumeofcrudeoilimportedinSpainfrom2005to2023(inmillionmetrictons)ImportvolumeofpetroleuminSpain2005-202380706050403020100200520062007200820092010201120122013201420152016201720182019202020212022202311Description:In2023,Spainimportedsome61.6millionmetrictonsworthofcrudeoil,downfromaround63.7millionmetrictonsinthepreviousyear.ThevolumeofpetroleumimportedbytheMediterraneancountryreachedarecordhighin2018,havingsurpassed67millionmetrictons.ReadmoreNote(s):Spain;2005to2023Source(s):CORESVolumeofcrudeoilimportedinSpainin2023,byregion(inmillionmetrictons)ImportvolumeofpetroleuminSpain2023,byregion70605061.564028.8302010018.56Africa7.226.98AmericaMiddleEastEuropeandEurasiaTotal12/statistics/1196674/import-volume-of-petroleum-in-spain-by-regionIn2023,Spainimportednearly28.8millionmetrictonsofpetroleumfromAmerica,thehighestfigureonthelist.ThiswasfollowedbyAfricaandtheMiddleEast,withimportsamountingtoapproximately18.6and7.2millionmetrictons,respectively.ReadmoreNote(s):Spain;2023Source(s):CORESVolumeofcrudeoilimportedinSpainin2023,bycountry(in1,000metrictons)ImportvolumeofpetroleuminSpain2023,bycountryImportsinthousandmetrictons4,000

5,00001,0002,0003,0006,0007,0008,0009,00010,000UnitedStatesMexico8,7107,036BrazilNigeria6,6366,382LibyaAngolaSaudiArabiaIraqKazakhstanCanada4,3454,1664,1093,1093,0862,911Algeria2,452AzerbaijanVenezuela1,5161,39113Description:In2023,Spainimportedaround8.71millionmetrictonsofpetroleumfromtheUnitedStates,makingtheNorthAmericancountrytheleadingtradepartnerforSpain.ThiswasfollowedbyMexicoandBrazil,withimportsamountingtoapproximately7.04and6.64millionmetrictons,respectively.ReadmoreNote(s):Spain;2022Source(s):CORESDistributionofcrudeoilimportsinSpainin2023,bycountryoforiginShareofpetroleumimportsinSpain2023,bycountryShareofimports0%2%4%6%8%10%12%14%16%UnitedStatesMexico14.1%11.4%BrazilNigeria10.8%10.4%LibyaAngolaSaudiArabiaIraqKazakhstanCanada7.1%6.8%6.7%5.1%5%4.7%Algeria4%AzerbaijanVenezuela2.5%2.3%14Description:In2023,morethan14percentofthecrudeoilimportedbySpaincamefromtheUnitedStates,makingitSpain'smainpetroleumsellerthatyear.RankingsecondwastheMexico,accountingfor11.4percent,followedbyBrazil,witha10.8percentshareoftheSpanishcrudeoilimportsin2023.ReadmoreNote(s):Spain;2023Source(s):CORES;ImportvolumeofpetroleumproductsinSpainfrom2005to2023(in1,000metrictons)ImportsofoilrefineryproductsinSpain2005-202335,00030,00025,00020,00015,00010,0005,00002005

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202315Description:In2023,Spainimportedmorethan18millionmetrictonsofpetroleumproducts,down3.2percentfromthepreviousyear.ThevolumeofpetroleumproductsimportedbytheMediterraneancountryreachedarecordhighin2007,withmorethan30millionmetrictonsworthofimports.ReadmoreNote(s):Spain;2005to2023Source(s):CORESExportvolumeofpetroleumproductsinSpainfrom2005to2023(in1,000metrictons)ExportvolumeofoilrefineryproductsinSpain2005-202330,00025,00020,00015,00010,0005,00002005

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202316Description:In2023,Spainexportedaround20.8millionmetrictonsofpetroleumproducts,slightlyupfrom20.3millionmetrictonsinthepreviousyear.Spain'sexportsofpetroleumproductsreachedarecordhighin2017,withmorethan25millionmetrictonsexported.ReadmoreNote(s):Spain;2005to2023Source(s):CORESCHAPTER

03ProductionProductionofcrudeoilinSpainfrom2012to2023(in1,000metrictons)ProductionvolumeofpetroleuminSpain2012-2023400368.3435030025020015010050305.41232.24142.77140.92016120.11201786.99201840.24201927.5420205.820.910.670201220132014201520212022202318Description:In2023,Spainproduced672metrictonsofcrudeoil,downfrom911metrictonsinthepreviousyear.ThisrepresentedasignificantlylowerquantitythanthecrudeoilimportedintotheMediterraneancountry.Spain'sproductionofpetroleumpeakedin2013,atmorethan368thousandmetrictons,andhasbeenonacontinualannualdeclinesince.ReadmoreNote(s):Spain;2012to2023Source(s):CORESVolumeofdieselproducedinSpainfrom2003to2023(inmillionmetrictons)DieselproductioninSpain2003-2023353025201510502003

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202319Description:In2023,thevolumeofdieselproducedacrossSpaintotaled24.4millionmetrictons.Thisrepresentedadecreaseofroughly11percentincomparisontothepreviousyear.Overthelasttwodecades,Spain'sdieselproductionpeakedin2015afterhavingsurpassed29millionmetrictons.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofgasolineproducedinSpainfrom2003to2023(inmillionmetrictons)GasolineproductioninSpain2003-2023109.199.1598.758.798765432108.548.318.298.338.28.28.157.997.667.567.347.37.086.616.084.552003

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202320Description:In2023,thevolumeofgasolineproducedacrossSpaintotaled8.15millionmetrictons,downfrom9.15millionmetrictonsinthepreviousyear.Spain'sgasolineproductionreachedarecordhighofnearly9.2millionmetrictonsin2003.

ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeoffueloilproducedinSpainfrom2003to2023(inmillionmetrictons)FueloilproductioninSpain2003-2023108.998765432107.3376.876.716.576.566.546.26.145.875.735.295.35.144.74.294.184.023.863.752003

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202321Description:In2023,thevolumeoffueloilproducedacrossSpaintotaled4.3millionmetrictons,downfrom4.7millionmetrictonsinthepreviousyear.Overthelasttwodecades,Spain'sfueloilproductionreachedarecordhighofsome8.9millionmetrictonsin2003.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofkeroseneproducedinSpainfrom2003to2023(inmillionmetrictons)KeroseneproductioninSpain2003-20231210810.410.239.499.459.548.878.878.828.628.648.517.976.626.46.286.266.1764.774.664.483.954202003

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202322Description:In2023,thevolumeofkeroseneproducedinSpaintotaled8.82millionmetrictons,downfromover9.5millionmetrictonsinthepreviousyear.Overthelasttwodecades,Spain'skeroseneproductionreachedarecordhighof10.4millionmetrictonsin2018.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofliquefiedpetroleumgas(LPG)producedinSpainfrom2003to2023(inmillionmetrictons)LPGproductioninSpain2003-20231.81.61.531.391.381.371.361.34

1.341.41.21.00.80.60.40.20.01.311.261.241.241.221.151.121.111.11.091.091.081.071.012003

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202323Description:In2023,thevolumeofliquefiedpetroleumgas(LPG)producedinSpaintotaled1.12millionmetrictons–aslightdecreaseincomparisontothepreviousyear.Overthelasttwodecades,Spain'sLPGproductionreachedarecordhighof1.53millionmetrictonsin2018.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaCHAPTER

04ConsumptionOilconsumptioninSpainfrom1990to2022(inmillionmetrictons)OilconsumptioninSpain1990-202290807060504030201001990

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202225Description:In2022,Spain'soilconsumptionamountedto62millionmetrictons,upfromnearly56.6millionmetrictonsinthepreviousyear.Duringtheperiodinconsideration,consumptionofoilintheEuropeancountryincreasedbysome15.3millionmetrictons.Furthermore,Spainranksamongsttheworld'smajoroilconsumingcountries.ReadmoreNote(s):Spain;1990to2022Source(s):EnergyInstitute;Kearney;KPMGVolumeofdieselforautomotiveuseconsumedinSpainfrom2003to2023(inmillionmetrictons)AutomotivedieselconsumptioninSpain2003-20233025201510502003

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202326Description:In2023,thevolumeofdieselforautomotiveuseconsumedacrossSpaintotaled19.8millionmetrictons.Spain'sautomotivedieselconsumptionreachedarecordlowof19.4millionmetrictonsin2020,ayearmarkedbytheCOVID-19pandemicanditsassociatedmobilityrestrictions.ReadmoreNote(s):Spain;2003to2023;DieselASource(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofdieselformaritimeandagriculturaluseconsumedinSpainfrom2003to2023(inmillionmetrictons)MaritimeandagriculturaldieselconsumptioninSpain2003-2023765432102003

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202327Description:In2023,thevolumeofdieselformaritimeandagriculturaluseconsumedacrossSpaintotaled3.29millionmetrictons.Overthelasttwodecades,Spain'smaritimeandagriculturaldieselconsumptionreachedarecordhighof6.15millionmetrictonsin2007.ReadmoreNote(s):Spain;2003to2023;DieselBSource(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofheatingdieselfuelconsumedinSpainfrom2003to2023(inmillionmetrictons)HeatingdieselfuelconsumptioninSpain2003-20234.03.443.373.53.02.52.01.51.00.50.03.193.073.093.012.912.752.722.442.0421.991.861.81.721.671.12

1.120.980.752003

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202328Description:In2023,thevolumeofheatingdieselfuelconsumedacrossSpaintotaledsome98,000metrictons–aslightincreasefromthepreviousyear.Spain'sheatingdieselconsumptionreachedarecordhighof3.44millionmetrictonsin2008.

ReadmoreNote(s):Spain;2003to2023;DieselCSource(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeof95octanefuelconsumedinSpainfrom2003to2023(inmillionmetrictons)Consumptionof95octanefuelinSpain2003-202376.0965.925.885.8665432105.595.615.465.445.274.954.844.874.694.554.474.324.294.294.343.912003

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202329Description:In2023,thevolumeof95octanefuelconsumedacrossSpaintotaled5.3millionmetrictons–aslightdecreasefromthepreviousyear.Spain's95octanefuelconsumptionreachedarecordlowof3.9millionmetrictonsin2020,ayearmarkedbytheCOVID-19pandemicanditsassociatedmobilityrestrictions.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeof98octanefuelconsumedinSpainfrom2003to2023(in1,000metrictons)Consumptionof98octanefuelinSpain2003-20231,00090080070060050040030020010002003

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202330Description:In2023,thevolumeof98octanefuelconsumedacrossSpaintotalednearly292,000metrictons.Thisrepresentedadecreaseofsome5.4percentincomparisontothepreviousyear.Spain's98octanefuelconsumptionreachedarecordhighof884,700metrictonsin2004.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeoffueloilconsumedinSpainfrom2003to2023(inmillionmetrictons)FueloilconsumptioninSpain2003-202316141213.5512.8512.1712.0210.489.71108.748.638.518.338.378.238.148.057.967.77.45864207.326.086.145.52003

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202331Description:In2023,thevolumeoffueloilconsumedacrossSpaintotaled6.14millionmetrictons.Thisrepresentedadecreaseofroughly1.2millionmetrictonsincomparisontothepreviousyear.Spain'sfueloilconsumptionreachedarecordhighofnearly13.6millionmetrictonsin2008.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofaviationkeroseneconsumedinSpainfrom2003to2023(inmillionmetrictons)AviationkeroseneconsumptioninSpain2003-2023876.926.696.416.15.895.8765432105.715.635.65.525.425.255.255.275.195.135.134.874.413.362.422003

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202332Description:TheconsumptionofaviationkeroseneinSpainsurpassedsixmillionmetrictonsin2023.Thiswasthehighestfigurerecordedsince2019,whenSpain'skeroseneconsumptionreachedarecordhighofnearlysevenmillionmetrictons.

ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaVolumeofliquefiedpetroleumgas(LPG)consumedinSpainfrom2003to2023(inmillionmetrictons)LPGconsumptioninSpain2003-20232.52.342.292.292.082.061.982.01.51.00.50.01.84

1.851.651.651.61.591.541.541.521.471.441.431.411.291.22003

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202333Description:In2023,thevolumeofliquefiedpetroleumgas(LPG)consumedacrossSpaintotaled1.2millionmetrictons,downfrom1.43millionmetrictonsinthepreviousyear.Overthelasttwodecades,Spain'sLPGconsumptionreachedarecordhighof2.34millionmetrictonsin2004.ReadmoreNote(s):Spain;2003to2023Source(s):ComisiónNacionaldelosMercadosylaCompetenciaCHAPTER

05PricesAveragemonthlypriceofautomotivedieselinSpainfromJanuary2020toFebruary2024(ineurosperliter)MonthlypriceofautomotivedieselinSpain2020-2024ConsumerpricePricebeforetaxes2.52.01.51.00.50.035Description:InFebruary2024,Spain'saverageconsumerpriceforautomotivedieselwasaround1.54eurosperliter,whilethepricebeforetaxesstoodat0.91eurosperliter.ThelowestaveragepriceforthistypeoffuelwasreachedinMay2020.

ReadmoreNote(s):Spain;January2020toFebruary2024;DieselASource(s):ComisiónNacionaldelosMercadosylaCompetenciaAveragemonthlypricesofmarineandagriculturaldieselinSpainfromJanuary2020toFebruary2024(ineurosperliter)MonthlypriceofmarineandagriculturaldieselinSpain2020-2024ConsumerpricePricebeforetaxes1.81.61.41.21.00.80.60.40.20.036Description:InFebruary2024,Spain'saverageconsumerpriceforagriculturaldieselfuelwasaround1.26eurosperliter,whilethepricebeforetaxesstoodat0.94eurosperliter.ThelowestaveragepriceforthistypeoffuelwasreachedinMay2020.

ReadmoreNote(s):Spain;January2020toFebruary2024;DieselBSource(s):ComisiónNacionaldelosMercadosylaCompetenciaAveragemonthlypricesofenhancedautomotivedieselinSpainfromJanuary2020toFebruary2024(ineurosperliter)MonthlypriceofenhanceddieselinSpain2020-2024ConsumerspricePricebeforetaxes2.52.01.51.00.50.037/statistics/1197404/monthly-price-of-enhanced-diesel-per-liter-in-spainInFebruary2024,Spain'saverageconsumerpriceforenhancedautomotivedieselfuelwasaround1.65eurosperliter,whilethepricebeforetaxesstoodatoneeuroperliter.ThelowestaveragepriceforthistypeoffuelwasreachedinMay2020.

ReadmoreNote(s):Spain;January2020toFebruary2024;PremiumDieselASource(s):ComisiónNacionaldelosMercadosylaCompetenciaAveragemonthlypriceof95octanefuelinSpainfromJanuary2020toFebruary2024(ineurosperliter)Averagemonthlypriceof95octanegasolineinSpain2020-2024ConsumerpricePricebeforetaxes2.52.01.51.00.50.038Description:InFebruary2024,theaverageconsumerpricefor95-octanefuelinSpainwasaround1.58eurosperliter,whilethepricebeforetaxesstoodat0.86eurosperliter.ThelowestaveragepriceforthistypeoffuelwasreachedinMay2020.

ReadmoreNote(s):Spain;January2020toFebruary2024Source(s):ComisiónNacionaldelosMercadosylaCompetenciaAveragemonthlypriceof98octanefuelinSpainfromJanuary2020toFebruary2024(ineurosperliter)Monthlypriceof98octanefuelinSpain2020-2024ConsumerpricePricebeforetaxes2.52.01.51.00.50.039Description:InFebruary2024,Spain'saverageconsumerpricefor98-octanefuelwasaround1.75eurosperliter,whilethepricebeforetaxesstoodat0.98eurosperliter.ThelowestaveragepriceforthistypeoffuelwasreachedinMay2020.

ReadmoreNote(s):Spain;January2020toFebruary2024Source(s):ComisiónNacionaldelosMercadosylaCompetenciaCHAPTER

06CompaniesSalesrevenueofRepsolPetroleoSAinSpainfrom2012to2021(inbillioneuros)SalesvalueofRepsolinSpain2012-20213024.9225201510523.7222.0821.9121.2720.0219.1818.3415.712.940201220132014201520162017201820192020202141/statistics/1197715/sales-value-repsol-spainIn2021,thesalesrevenueofRepsolPetroleoSAampuntedto20billioneuros,whichrepresentedanincreaseofmorethan50percentincomparisonwiththepreviousyear.Therevenueofthecompanypeakedin2012atalmost25billioneuros.

ReadmoreNote(s):Spain;2012to2021Source(s):elEconomista;InformaD&BTotalnumberofemployeesofRepsolPetróleoSAinSpainfrom2014to2021NumberofworkersofRepsolinSpain2014-20214,5004,0003,841

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