CAMPSA was born in 1927: a joint venture aimed at managing the oil monopoly in Spain. This was the first of a series of milestones leading up to the creation of the Repsol Group.
The Repsol brand
The foundations for Spain’s advances in energy
After CAMPSA's foundation, another one followed that was of great importance for the energy sector in Spain: the National Institute of Industry (INI) was established as a holding company responsible for managing all of Spain's industrial enterprises, including CAMPSA.
1947 was an important year for the Spanish oil industry. After being jointly managed for 20 years, the oil monopoly was reorganized and state participation in CAMPSA was reinforced. In 1951, the company REPESA was formed and launched a range of premium lubricants under the REPSOL brand.
On June 11th, 1857, the company Butano S.A. was founded with the aim to provide door-to-door butane gas delivery. The product stood out for its hassle-free installation, safety, and efficient performance.
The 1960s were a defining period for growth in Spain’s energy sector. First and foremost, the private sector was given authorization to construct three refineries. This marked the first step towards developing the refining sector. In addition, in 1964 oil was discovered for the first time in La Lara in Burgos.
REPESA saw the world of motorsports as an ideal testing ground for its products, and so the idea of sponsorship came about. In 1971, Ángel Nieto claimed his first World Motorcycling Championship and in the process brought the Repsol brand onto the world stage.
In the 1970s, a series of milestones marked the beginning of energy expansion in Spain: the country became a member of the International Energy Agency, in 1971 the viability of the Casablanca reservoir in Tarragona was confirmed, and several years later the National Hydrocarbons Institute was established.
The Repsol Group emerged during Spain's negotiations to join the European Union. The decision to adopt the name of REPESA's premium lubricant brand, Repsol, was an easy one, as it was so well-known and easy to pronounce in other languages. The aim was to become a prestigious, leading brand recognized around the globe.
The REPSOL GROUP
The reorganization of the Spanish energy sector. In 1987, the National Hydrocarbons Institute (INH) created Repsol, S.A. as a result of the reorganization of the Spanish energy sector. The company was organized into five subsidiaries in order to carry out its main activities.
Privatization of the company
Eight years managing privatization. In 1989, the first step was taken toward the company's privatization, a process that lasted eight years. This first step was signing a contract between INH, Repsol and BBV. The process wasn't finalized until April 1997, when it culminated in ones last IPO.
During the following years, Latin America, North America, Africa and Russia became areas of expansion for the company. At this stage, we strengthened our various areas of activity, Upstream above all.
Acquisition of YPF
A step forward in the international scene
Our definitive opening to the international market comes with the acquisition of Argentinian petrol company YPF in 1999. This synergy has resulted in a company with global reach and stronger strategic positioning.
During this time, key discoveries were announced in regions such as Libya, Spain, Argentina, Venezuela, Bolivia, and Indonesia. In 2009, we put into motion the Canaport LNG regasification project in Canada. In 2010, Repsol signed an agreement with Sinopect to undertake exploration and production operations in Brazil which made us one of the largest energy companies in Latin America.
The Repsol Technology Center opened its doors for the first time in 2002 in order to bring together all the company's R&D activities under the same roof. It soon became a European benchmark due to its groundbreaking innovation of the projects.