20

CHAPTER 2 Who we are Trading and bunker

PANAMA Supply of fuel to ships 3 barges.

SPAIN Supply of fuel to ships Present in 47 ports via tankers. 7 terminals for supplying ships. 13 barges.UNITED ARAB EMIRATES

Supply of fuel to ships from Fujairah port 1 barge.

Trading and Bunker

2015 2014 2013 Supplies for Cepsa s refining system (Millions of barrels) 157.9 159.7 158.8

Marketing of the Company s crude oil (Millions of barrels) 12.5 10.3 8.5

Petroleum product transactions for the Company and third parties (Millions of tonnes)

7.1 9.2 9.5

Physical Trading (Millions of tonnes) 3.1 1.9 -

Proprietary trading using derivative financial instruments (Millions of barrels) 28.7 10 -

Chartering of vessels 981 923 982

Marine fuel sales (Millions of tonnes) 5 5.8 5.8

Key highlights 2015

212,000 t sales in Fujairah port, Abu Dhabi.

1

1,853 vessel acceptances (+15% v. 2014).

2

282 ship safety inspections.

3

29 barge safety inspections.

4