Spain's refinery industry
The oil refining sector transforms crude oil into a wide range of derivative products. These include fuels like gasoline, diesel, and kerosene, and also organic chemical feedstocks that constitute the basis of products such as plastics, detergents, drugs, synthetic fibers, or agrochemicals. In 2022, the Spanish refining industry employed around 200 thousand persons and generated a sales revenue of some 48.5 billion euros. Currently, Spain has nine oil refineries with a total processing capacity over 1.5 million barrels per day. Most of the refining capacity belongs to Repsol, the largest company within the sector, which is followed by Cepsa, BP, and Asesa.Consumption of petroleum products in Spain
Spain produced almost 47 million metric tons of petroleum products in 2023, roughly the same amount consumed in the country that year. Diesel fuel is by far the most widely used petroleum product in the country, with a consumption that surpassed 30 million metric tons in 2023. Approximately half of the energy sources in the country's final energy consumption are petroleum products.Spain is strongly reliant on crude oil imports, as the country has a negligible oil production that has been continuously decreasing in recent years. Spain has a large refinery capacity that covers the country's need for petroleum products such as diesel fuel, gasoline, and kerosene.