Petronor

Petróleos del Norte S.A. (Petronor) is a Spanish oil and gas company based in Muskiz, Basque Country. The company was established on 30 November 1968.^[1] From 1976 to 1981, its executive manager was Nemesio Fernández-Cuesta.^[2]

Petróleos del Norte, S.A.

Company type	Sociedad Anónima
Industry	Petroleum
Founded	30 November 1968 (1968-11-30)
Headquarters	Muskiz , Spain
Number of locations	Bilbao, Basque Country
Area served	Nationwide
Key people	Emiliano López Atxurra (Chairman)
Services	Filling stations
Revenue	€ 4.6 billion (2016)
Net income	€ 222.4 million (2016)
Owner	Repsol (85.98%) Kutxabank (14.02%)
Number of employees	875
Parent	Repsol S.A.
Website	www.petronor.eus

It is owned by Repsol (85.98%), and Kutxabank (14.02%).

History

Petronor was founded on November 30, 1968,^[3] with the participation of Basque bourgeoisie figures such as Javier Ybarra, Fernando Ybarra, Pedro Careaga or Alfonso de Churruca -the latter being the president of CAMPSA.^[4] The company was born with the aim of building an oil refinery in the north of Spain, after having received authorization to do so from the Franco regime. At the beginning of the 1970s, the shareholders of Petronor included Gulf Oil, Campsa, Río Gulf-Explosivos Río Tinto and several financial institutions in Biscay.^[5]

Sponsorship

Between 2008 and 2015, Petronor was the main kit sponsor of Spanish football club Athletic Club.