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Reply #17: Repsol needs a company profile as well [View All]

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DrDebug Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-06-06 12:38 PM
Response to Reply #16
17. Repsol needs a company profile as well
Edited on Thu Jul-06-06 12:39 PM by DrDebug
Repsol YPF is an integrated Spanish oil and gas company with operations in 29 countries, the bulk of its assets located in Spain and Argentina. The product of a 1999 takeover of Argentine energy firm YPF by the Spanish conglomerate Repsol S.A. within the controversial privatizations by president Carlos Menem, it is now one of the world's ten largest oil enterprises, employing over 30,000 people worldwide. (1)

Formed in 1987 by the merger of state-controlled oil sector companies, Repsol is now more than 90 percent privatized thanks to four separate share offerings from 1989 to 1996. The company controls about 60 percent of the refining market in Spain and has a 45.5 percent stake in Gas Natural, which dominates the Spanish natural gas market. Repsol is Spain's first integrated international company in a national oil industry that, although dating back centuries, was relatively small and unimportant until recent times. (2)

The company is a result of a double merger between not only Spain, but also Argentina which was carried out by Oscar who is from Chile and not from Spain. The main supplies of oil and gas come from Venezuela, Argentina, Bolivia and Algeria. (3)

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