CEPSA Trading selects the Allegro 8 platform for Energy Trading & Risk Management

Physical and financial crude oil and refined products functionality essential to optimise upstream and downstream activities for CEPSA Group London, February 11, 2015 – Allegro Development Corporation has announced today that CEPSA Trading has chosen the Allegro 8 platform to support its worldwide oil and refined products supply and trading subsidiary. CEPSA Trading will use Allegro’s enterprise class software to manage its oil and refined products trading activities across the full transaction lifecycle. A wholly-owned subsidiary of the International Petroleum Investment Company (IPIC), CEPSA Group employs more than 11,000 people and operates at every stage of the hydrocarbon value chain. It has a prominent position in Spain and operations in 20 countries, marketing its products all over the world. CEPSA Trading is a new company within the CEPSA Group. It performs the supply/offtake function of CEPSA, developing new business opportunities in the International Markets, and expects that significant business value, efficiency and business control will be enabled by the implementation of Allegro’s ETRM solution. Charo Cepero, Finance, Risk & Operations Manager for CEPSA Trading commented, “We have found in the Allegro Platform an innovative, sophisticated and adaptable system to meet our needs in the Trading Market. Operational agility is a … continue reading

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Source: CTRM Center

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