Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Mercado Continuo Espanol  >  Repsol SA    REP   ES0173516115

REPSOL SA (REP)

142
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Repsol Chairman: YPF Expropriation Seeks To Cover Argentina Crisis

04/17/2012 | 04:53am US/Eastern

The chairman of Spanish flagship energy firm Repsol YPF SA (>> Repsol YPF SA) blasted Argentina's decision to expropriate local unit YPF SA (YPF), describing the government's move as part of an effort to cover the rapid deterioration of the country's economy and an unsustainable energy policy.

Argentina's government forcefully intervened in YPF Monday and vowed to pass a law expropriating 51% of the company that accounts for more than half of Repsol's daily hydrocarbons output. Repsol has a 57.4% stake in YPF.

Repsol Chairman Antonio Brufau said at a press conference Tuesday that the Argentine government sought to lower the value of YPF shares before its formal expropriation, announced Monday.

"We will seek full compensation for YPF," Brufau said.

-By Ilan Brat, The Wall Street Journal, +34-91-395-8125, ilan.brat@wsj.com

Stocks mentioned in the article : Repsol YPF SA
React to this article
Latest news on REPSOL SA
06/28 GP PETROLEUMS : partners with Repsol
06/27 REPSOL : Iran to resume abandoned LNG projects
06/27 REPSOL : Iran to resume abandoned LNG projects
06/26DJGuyana Assures Exxon Venezuela Dispute Won't Slow Oil Exploration
06/25 REPSOL : Iran to resume abandoned LNG projects
06/25 REPSOL : Board of Directors resolves to amend its Regulation
06/25 REPSOL : Norwegian Offshore Oil Rig Workers Call Off Strike
06/25 REPSOL : Iran To Resume Abandoned LNG Projects
06/17 REPSOL : Ties up with gp petroleums
Advertisement
Chart
Duration : Period :
Repsol SA Technical Analysis Chart | REP | ES0173516115 | 4-Traders
Income Statement Evolution
More Financials