Bye, bye Argentina: Spain's Repsol sells all assets and end operations in the country

Friday, May 23rd 2014 - 23:38 UTC

Full article 7 comments

Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF. Read full article

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cornelius
Price control, subsidies, they are genius in economics, the Argentinian government is the best government in the production of misery it is amazing how a country of enormous resources and gifted geography can fall in the hands of thugs left wing stupid corrupt people and furthermore how the Argentinian populous can allow that to go on.
The economist quote “It holds the record for the fastest economic decline in modern time”
May 24th, 2014 - 03:53 am - Link - Report abuse 0
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Mick23
cornelius ... I wouldn't disagree ... Thug's I don't know 100% .. BUT Stupid, idiotic, Morons only intent on filling their own pockets... Too right.. !! Truly a pity...!!
May 24th, 2014 - 12:16 pm - Link - Report abuse 0
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falklandlad
What a wonderful moment for Repsol to invest in the Falklands; lots of acreage with partners looking to farm down... now that really would be exiting.
May 24th, 2014 - 01:51 pm - Link - Report abuse 0
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Mick23
Aye Laddie... It's a coming ... A few more solid finds and and it will be S. Brazil all over again.. Yet with the prevalent geology making itself so obvious... NO ONE will want to invest into La tierra de los BOLUDOS ...

Que Quilombo !!
May 24th, 2014 - 02:58 pm - Link - Report abuse 0
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Britworker
It would seem that the UK warning Spain that we would judge them by the company they keep has been duly noted.
May 24th, 2014 - 09:34 pm - Link - Report abuse 0
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ilsen
Aother sign of the 'race to the bottom' by the K-gang.

Soon the Argentine Administration will eat itself, they have nothing left, (or left, haha!).
May 25th, 2014 - 04:00 am - Link - Report abuse 0
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ChrisR
Just look at that photograph of TMBOA!

On second thoughts better not you might want to throw-up.

And STILL no oil or gas out of the dead cow!
May 25th, 2014 - 07:28 pm - Link - Report abuse 0
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