Welcome, oldoil [email me]....From IPIC web site...Under IPIC’s ownership, the company has a new strategic plan to achieve strong global growth, focusing primarily on its Exploration and Production and Petrochemical business units, while taking advantage of other opportunities that arise in the refining and marketing areas. CEPSA’s 2012-2016 strategic plan aims to transform the business into one of Europe's leading energy corporations, with a highly integrated organisation and a strong international presence. The core elements of the plan are strong growth in Exploration and Production, international expansion in Petrochemicals, efficiency maximisation in production centres, cost control in all business units, increased market share and better return on marketing.
The plan will deliver a better balance and greater diversification in CEPSA’s business units through organic growth and acquisitions, generating funds from across the business. This will help maintain a healthy balance sheet, keep strict control over risks, and accommodate variations in the economic and industrial climate.
To help accomplish these objectives, the company is moving towards a simple and streamlined structure, with business units that will operate with a high degree of independence. The new structure is creating well-defined central functions, responsibilities and roles in finance, purchasing, human resources, communications, institutional relations, legal and technology.
