€3bn to guarantee fuel supplies

BIG OUTLAY: Repsol’s Cartagena oil refinery is being transformed.

THE LARGEST industrial investment in the history of Spain will make the oil refinery in Cartagena (Murcia) one of the most modern and productive in the world.

Extension works on the complex costing €3,000 million will allow the refinery to process 220,000 barrels of crude oil per day and to supply diesel and kerosene to a Spanish market in shortage.

It also guarantees the future of the industrial plant, doubling its number of employees.
 “The Cartagena refinery had a very simple production scheme, which only admitted rare and expensive ‘sweet’ crudes.  Now, our technology accepts almost any crude and transforms it into ‘noble’ top quality and clean fuels” said Repsol’s José Luque. .

Thirty new production units will increase Cartagena’s capacity to refine heavy crude oils from 6 per cent to 70 per cent. This will improve profit margins as well as help guarantee supplies of fuel to Spain, because heavy crudes will be a very important source of hydrocarbons in coming years.

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