Compania Espanola de Petroleos, SAU through its subsidiary CEPSA Lubricantes, and Berge Automocion SL have announced an agreement to distribute lubricants in the Chinese market through APSIS, an automobile company. This is a five-year agreement, which is renewable for a further five years. The agreement will introduce CEPSA Lubricants to China, a market currently consuming more than 7 million tons/year.

The operation is part ofc CEPSA's internationalisation strategy. The group, which is currently building a petrochemical plant in China to produce phenol and acetone, is diversifying its activity in this part of Asia by exporting and marketing its lubricants. To do this, in collaboration with Berge Automocion, APSIS will be using all the capacities of the SAIC Group, a leading Chinese industrial conglomerate.

The CEPSA Lubricantes products to be distributed in China are produced at the company's plant in Spain and formulated using the latest technology on the market. They are designed in coordination with world-leading, highly demanding vehicle, engine and machinery manufacturers.