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 SA    REP   ES0173516115

REPSOL SA (REP)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

UN Court Hears Arguments In Colombia-Nicaragua Dispute Over Islands

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/23/2012 | 05:49pm CEST

--Court case over Colombia-controlled archipelago is to determine ownership of smaller islands

--Nicaragua President Ortega says it ceded the archipelago to Colombia when U.S. occupied Nicaragua

--Colombia and Spanish firms explored for oil in the area but halted activity last year

 
   By Dan Molinski 
   Of  
 

The International Court of Justice begins hearing arguments Monday in a long-running dispute between Colombia and Nicaragua over a Caribbean archipelago and the maritime borders surrounding the islands, which some say hold massive deposits of oil.

The case has been going on for over a decade and in 2007 the Hague-based court ruled Colombia has sovereignty over the San Andres archipelago's three main islands--San Andres, Providencia and Santa Catalina--based on a 1928 treaty between Colombia and Nicaragua.

The new hearings by the court, which will run for two weeks, are to settle ownership of other, smaller islands in the archipelago not covered in the 1928 treaty, and to also settle the nations' maritime borders in the area.

The islands are 140 miles east of Nicaragua and 480 miles northwest of Colombia.

Even after the 2007 ruling by the court, the United Nations's highest judicial body, Nicaragua President Daniel Ortega continues to affirm Nicaragua is the rightful owner of the islands. Managua says the 1928 treaty that ceded the islands to Colombia is invalid because it was signed while the U.S. occupied Nicaragua.

In 2010, Colombia awarded national oil company Ecopetrol (ECOPETROL.BO, EC) and Spain's Repsol YPF SA (>> Repsol YPF SA) the rights to explore for oil in the vicinity of the San Andres islands, hoping it would allow Colombia to become an offshore oil driller for the first time and boost overall production.

But in October of last year, President Juan Manuel Santos called off all oil exploration in and around the islands, citing environmental concerns voiced by island residents. Analysts wondered at the time whether Santos' decision was more political than environmental, and whether Colombia may renew oil exploration after the court makes a ruling in this latest case. The ruling, expected within a year, is likely to be the final act by the court with regards to the San Andres islands.

The Nicaragua-Colombia dispute has been compared by some to Argentina's enduring demands for the return of the Falkland Islands, which have been under British control since the early 1830s and have recently been explored for oil by U.K. companies.

While many other Latin American nations have supported Argentina's recent efforts at sovereignty over the Falklands, Colombia's President Santos has remained relatively quiet on the subject. That might be because one of Argentina's arguments for why it should control the Falklands is its geographical closeness to the islands--200 miles off Argentina's coast.

Geographical proximity has long been one of Nicaragua's main arguments with regards to the San Andres archipelago.

-By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

Stocks mentioned in the article : Repsol YPF SA
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on REPSOL SA
03/28DJLibyan Militia Shut Down Oil Pipelines
03/27 REPSOL WEBCAST PRESENTATION NOW AVAI : dbVIC - Deutsche Bank ADR Virtual Investo..
03/23 REPSOL : Chooses Atlas for Onshore, Offshore Consultant Provision
03/20 REPSOL YPF : to present at the dbVIC - Deutsche Bank ADR Virtual Investor Confer..
03/20 REPSOL : Huge North Slope oil discovery just got bigger, company says
03/18 REPSOL : Huge North Slope oil discovery just got bigger, company says
03/17 REPSOL : Largest American Oil Find in 30 Years
03/16 REPSOL : House Resources tells Armstrong thanks for nothing
03/16 International companies to host live webcasts at Deutsche Bank's Depositary R..
03/16 SOLD OFFS : Contract for CSV with REPSOL SINOPEC RESOURCES UK LTD
More news
Sector news : Oil & Gas Refining and Marketing - NEC
04:12p BP : says plans to stop Shah Deniz gas platform for maintenance in 2017
02:13p BP : sees trading benefits from oil boom in the Americas
02:28aDJKUNLUN ENERGY : 2016 Net Profit Down 56% at HK$659 Million
03/28 Chaebol reform at forefront of South Korea presidential campaign - again
03/27DJForeign Investors Flock to Iran as U.S. Firms Watch on the Sidelines -- Updat..
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
03/24 Repsol S.A. (REPYF) Presents At Deutsche Bank Depositary Receipts Virtual Inv..
03/16 U.S. considering Eni's request to drill in Arctic waters north of Alaska
03/11 CANACOL ENERGY REVISITED : Still A Strong Buy Despite LNG And Deepwater Gas
03/09 Repsol claims largest U.S. onshore oil discovery in 30 years
03/06 Amazon strikes deal with Repsol
Advertisement
Financials (€)
Sales 2017 45 746 M
EBIT 2017 3 246 M
Net income 2017 1 997 M
Debt 2017 8 136 M
Yield 2017 5,19%
P/E ratio 2017 10,68
P/E ratio 2018 10,08
EV / Sales 2017 0,65x
EV / Sales 2018 0,59x
Capitalization 21 451 M
More Financials
Chart REPSOL SA
Duration : Period :
Repsol SA Technical Analysis Chart | REP | ES0173516115 | 4-Traders
Full-screen chart
Technical analysis trends REPSOL SA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 14,4 €
Spread / Average Target 0,18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Josu Jon Imaz San Miguel Chief Executive Officer & Executive Director
Antonio Brufau Niubó Chairman
Miguel Martínez San Martín Chief Financial Officer
Luis Suárez de Lezo Mantilla Secretary, Executive Director & General Counsel
Luís Carlos Croissier Batista Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
REPSOL SA6.82%23 195
EXXON MOBIL CORPORATIO..-9.33%339 351
ROYAL DUTCH SHELL A-6.08%222 578
BP PLC-11.02%111 341
CHINA PETROLEUM & CHEM..5.55%99 184
SAUDI BASIC INDUSTRIES..--.--%77 006
More Results