Tag: Repsol-YPF

Saturday, February 22nd 2014 - 06:21 UTC

YPF and Repsol are expected to sign a compensation deal next week

Apparently Spain's Rajoy and Mexico's Peña Nieto have played important roles in helping to reach a deal

Spanish oil major Repsol said Friday that, as part of a preliminary compensation deal struck last year with the Argentine government for the seizure of its former unit, YPF, it will take a charge of 1.28 billion Euros (1.76 billion dollars) on its 2013 earnings.

Tuesday, November 19th 2013 - 09:08 UTC

US government sides with Repsol in the YPF assets seizure with Argentina

US Secretary of Energy Ernest Moniz was asked about the issue in Madrid

United States sided with Spain's Repsol position in the dispute over the seizure of a majority stake in YPF by the administration of Argentine President Cristina Fernandez last year, a dispute which remains unresolved over compensation for the assets.

Saturday, December 22nd 2012 - 08:03 UTC

World Bank’s arbitration unit receives Repsol’s complaint over YPF nationalization

Repsol argues that its 51% stake in YPF taken over by the Argentine government is equivalent to 10bn dollars

The World Bank's arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina's nationalization of the company's former energy affiliate YPF.

Monday, November 26th 2012 - 19:35 UTC

The Chicago Tribune on the bonds dispute: ‘Cry for yourself, Argentina’

Cristina Fernandez “has led her nation to the brink of disaster by refusing to play by the rules of global finance”

The Chicago Tribune, one of the leading Midwest US newspapers has been following closely the dispute in New York courts between the Argentine government and investment funds that are demanding full payment of sovereign bonds.

Friday, November 16th 2012 - 06:11 UTC

Rajoy would have liked Cristina Fernandez to have attended the summit

“As everybody knows, the Argentine decision on YPF satisfied neither us nor anyone around the world”, said the Spanish president

Spanish President Mariano Rajoy stated that he “would have liked” his Argentine counterpart, President Cristina Fernández to have attended the XXIIth Ibero-American summit, starting Friday in Cádiz.

Wednesday, July 25th 2012 - 06:36 UTC

Argentina is making few friends in the oil and gas industry these days

Logan does not see the Argentine government taking any definitive action on the Falklands

Interview with Sam Logan (*) Angering Spain by seizing and nationalizing a majority of Repsol's shares in YPF and ramping up the rhetoric over the Falkland Islands as exploration deals promise to make the territory a major oil player overnight, Argentina is making few friends in the fossil fuels industry these days.

Wednesday, May 23rd 2012 - 03:56 UTC

Spain, on the edge of a financial cliff, cancels all development aid to Latin America

Foreign Minister Garcia Margallo, “an extremely painful option”

The Spanish government announced this week it was cancelling all development aid to Latin American countries as a direct consequence of the financial strains the EU member is suffering, which is the worst in decades with record unemployment of 24%.

Monday, April 16th 2012 - 21:48 UTC

Argentina sends bill to takeover control of YPF from Spain’s Repsol

Cristina Fernandez said that her government focuses “on recovering our resources, not promoting nationalizations”

Argentine President Cristina Fernández de Kirchner sent to Congress a draft bill to expropriate Spain’s Repsol’s holdings of YPF oil and gas company. The announcement was made on Monday at the Government House during a sudden meeting with officials, political leaders, unionists and businessmen.

Sunday, April 15th 2012 - 21:56 UTC

YPF dispute in calmer waters: Argentina yields and Repsol CEO calls for dialogue

CEO Brufau: “We must talk, talk, and talk, instead of imposing things.”

The CEO from Spain’s main oil corporation Repsol, Antonio Brufau said that there should be no speeches or attempts to impose, but rather more dialogue, in direct reference to the ongoing conflict with the Argentine government over the possible takeover of the YPF branch.

Sunday, April 15th 2012 - 05:31 UTC

Spain feels conflict with Argentina over YPF “seems to be getting back on course”

After a day of strong warnings Argentina seems to be backtracking and Minister Soria said Spain is hopeful -

In the last 48 hours “things seem to be getting back on course” said on Saturday Spain’s Minister of Industry Jose Manuel Soria in reference to the ongoing conflict with the Argentine government over the possible take over of YPF, the Argentine affiliate of Spain’s Repsol.


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