Also known as:
Moeve is a global energy and chemicals company with three refineries, all in Spain.
Together with competitor Repsol, Moeve dominates the Spanish refining market.
Moeve is owned by Mubadalla (63%) and Carlyle (37%)
Headquarters: Cepsa Tower, Paseo de la Castellana, 259 A, 28046, Madrid, Spain
1929 - Company founded and first refinery built in Tenerife
1969 - Opened San Roque refinery
1991 - Acquired Huelva refinery
2011 - Company acquired by International Petroleum Investment Company of Abu Dhabi
2017 - IPIC and Mubadalla merged to form Mubadalla Investment Co
2019 - Carlyle acquired 37% interest from Mubadalla
2022 - Tenerife refinery closed
2024 - Company changed its name from CEPSA to Moeve
2026 - Moeve and Galp have announced plans to combine their downstream businesses, including the Sines (Portugal), Huelva (Spain) and Algeciras (Spain) refineries.