Bolivian President Evo Morales announced on Tuesday the expropriation of Spain’s Red Eléctrica Española (REE) shares at a power transmission company in Bolivia and ordered the Army to take over the firm's headquarters.
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.
Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed on Tuesday to defend his country’s interests.
Spain’s Foreign Secretary Manuel Garcia Margallo admitted there is great concern in Madrid over the situation of Repsol-YPF in Argentina, which is questioning the oil corporation for not having invested sufficiently or paid sufficient taxes, and revealed that King Juan Carlos has been on the phone with President Cristina Fernandez.