“Cepsa is evaluating the fiscal impact of the possible approval of a permanent tax in Spain,” says the company in an email cited by the Bloomberg agency. At stake is an investment of 3,000 million euros in San Roque (Cádiz), announced two years ago.

As reported by the Spanish newspaper Expansión, the so-called Vale Andaluz do Hidrogênio project is at risk, as Mubadala (Abu Dhabi) and Carlyle, Cepsa's main shareholders, have decided to freeze this investment until they know the final decision of the Madrid Executive.