a year of solid results
assets and opening
of new businesses
In 2017, Downstream continued to be the Company's main cash generator thanks to the quality of our industrial assets, great commercial management, and our commitment to international Chemical markets.
With respect to Refining, profits increased compared to the precious year. Repsol increased the volume of crude oil processed and took advantage of the higher margin index, which grew 7.9% to $6.8 per barrel in Spain.
The Chemicals business maintained the positive performance of the previous year and benefited from the favorable international margins. The Company continued to market new differentiated products, such as the new Repsol Healthcare® polyolefin range for the pharmaceutical market.
The service station business continued with its commitment to technological innovation and the digital environment with the launch of the Repsol Waylet application, which allows our customers to pay with their smartphone.
Likewise, it reached agreements with companies such as Amazon for the customers to collect their purchases at service stations, or El Corte Inglés, to extend the Supercor Stop & Go store implementation agreement.
The Lubricants business continued its growth strategy with the launch of the new Repsol Motorcycle line and the start of sales in Thailand and Mexico, as well as the investments in the Puertollano plant to increase its production capacity.