Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Repsol YPF    REP   ES0173516115

REPSOL YPF (REP)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Mexico's Pemex To Evaluate Collaboration With Cuban State Oil Co

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/12/2012 | 08:51pm CEST
   By Anthony Harrup 
   Of  
 

Mexican President Felipe Calderon said Thursday that Mexico and Cuba have agreed to evaluate the possibility of Mexican state oil monopoly Petroleos Mexicanos, or Pemex, participating in oil exploration projects in Cuba.

Calderon said in a message via his Twitter account that the two governments signed a non-binding letter of intention to evaluate the possibility. The letter was signed by Pemex's exploration and production unit, and Cuban state oil company Cupet.

The Energy Ministry said in a release that a workshop will be held in the near future in the Cuban capital Havana where Pemex will have the chance to analyze options for collaboration with its Cuban counterpart, either in projects currently being developed or in new areas of opportunity.

Mexican Energy Minister Jordy Herrera and Cuban Minister for Basic Industry Tomas Benitez also signed a memorandum of understanding on cooperation in a number of areas, including technology, training, research projects and strategic planning in oil, electricity, energy efficiency and renewables.

Calderon and other Mexican government officials are visiting Cuba and Haiti before traveling to Cartagena, Colombia, for this weekend's Summit of the Americas.

The presidential press office said the state visit to Cuba, at the invitation of Cuban President Raul Castro, sought to bolster relations between the two countries, increasing cooperation in trade and investment, energy, health, education and sport.

Pemex, which is among the world's largest oil companies, producing over 2.5 million barrels a day of crude oil, has limited experience abroad. Mexico nationalized its oil industry in 1938, and state-owned Pemex is the only producer of oil and gas in the country. The firm contracts out exploration and production work to private oil service companies, but keeps all rights to any oil or gas produced.

No private or foreign investment is allowed in Pemex under current law, although Pemex has about a 9.5% stake in Spanish oil company Repsol YPF SA (REPYY, REP.MC), and a joint-venture refinery with Royal Dutch Shell (RDSA, RSDA.LN, RDSB, RDSB.LN) in Deer Park, Texas.

In 2008, Pemex officials said they had turned down an offer by Brazilian state oil company Petrobras (PBR, PETR3.BR, PETR4.BR) to join it in a deep-water project on the U.S. side of the Gulf of Mexico, because of Mexico's restrictive energy laws. Pemex is exploring its own deep waters of the Gulf, but so far has no deep-water production.

-By Anthony Harrup, Dow Jones Newswires; 5255 5980-5176; anthony.harrup@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on REPSOL YPF
08/20 REPSOL YPF : Who will be the guardian of the liberal world order?
08/20 REPSOL YPF : Invests 5 Million Euros in Puertollano Lubricants Plant
08/20 REPSOL YPF : The guardian of the liberal world order
08/20 REPSOL YPF : The guardian of the liberal world order
08/16 REPSOL YPF : Vietnam capitulate to Chinese pressure over ship drilling for oil
08/14 VEOLIA ENVIRONNEMENT : Work starts to break up rig
08/14 ODFJELL DRILLING : Drilling ship leaves Vietnam oil block after China row
08/12 REPSOL YPF : Economic Conditions Argentina
08/12 REPSOL YPF : Sinopec looking to Montrose project for upturn in fortunes
08/11 ARCHER LIMITED : - Repsol Norge awards Archer a four-year contract for the provi..
More news
News from SeekingAlpha
08/10 VENEZUELA'S CRISIS : Is It The Long Awaited Catalyst For Higher Oil
08/08 WALL STREET BREAKFAST : Futures Flat With Stocks At Highs
08/07 BLOOMBERG : Oil companies pulling out of crisis-ridden Venezuela
08/02 Repsol stops drilling in Vietnam offshore oil block disputed by China
07/03 Repsol, Gazprom set up Russian joint venture
Financials (€)
Sales 2017 44 098 M
EBIT 2017 3 195 M
Net income 2017 2 092 M
Debt 2017 7 987 M
Yield 2017 5,30%
P/E ratio 2017 10,03
P/E ratio 2018 10,18
EV / Sales 2017 0,67x
EV / Sales 2018 0,62x
Capitalization 21 468 M
Chart REPSOL YPF
Duration : Period :
Repsol YPF Technical Analysis Chart | REP | ES0173516115 | 4-Traders
Technical analysis trends REPSOL YPF
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 36
Average target price 14,5 €
Spread / Average Target 3,5%
EPS Revisions
Managers
NameTitle
Josu Jon Imaz San Miguel Chief Executive Officer & Executive Director
Antonio Brufau Niubó Chairman
Miguel Martínez San Martín Chief Operating & Financial Officer
Hector González Nistal Executive Director-Technical Development, S&E
Luis Suárez de Lezo Mantilla Secretary, Executive Director & General Counsel
Sector and Competitors
1st jan.Capitalization (M$)
REPSOL YPF4.73%25 246
EXXON MOBIL CORPORATION-15.09%324 732
BP-13.66%111 792
CHINA PETROLEUM & CHEMICAL CORP9.43%103 085
RELIANCE INDUSTRIES LIMITED45.85%79 765
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%78 400