Repsol YPF, S.A. (originally an initialism for Refineria de Petróleos de Escombreras Oil - Yacimientos Petrolíferos Fiscales Sociedad Anónima, BMAD: REP) is an integrated Spainyie oil an gas company wi operations in 29 kintras. The bulk o its assets are locatit in Spain an Argentinae, as a result o the 1999 takeover o Argentine energy firm YPF bi the Spainyie conglomerate Repsol S.A. athin the controversial privatisations bi president Carlos Menem. It is nou the 15t lairgest petroleum refinin company accordin tae the Fortune Global 500 list, employin ower 40,000 fowk warldwide.
In May 2006 Repsol announced it wis plannin tae float atween 15% an 20% of YPF's shares on the Buenos Aires Stock Exchange.
History[eedit | eedit soorce]
1948: REPESA incorporation (oil refineries locatit in Escombreras) creatit for the installation o a refinery in the Valley o Escombreras (Cartagena)
1981: Creation o INH: Public organization creatit tae integrate the various companies operatin in the oil an gas sectors in which the Spainyie state haed a controllin interest or wis the sole awner.
1986: Creation o the Repsol group: Its sole shareholder is the INH. Repsol brings together the companies in which the Spainyie government haed a majority awnership in the auries o Exploration an Production (oreeginally Hispanoil) an Production, Refining (oreeginally ENPETROL), Chemical an Liquefied Natural Gas (LNG), Butane (umwhile Butano SA) , CAMPSA an Petronor. Repsol Quimica (Alcudia).
1989: The State (INH) began the privatization o Repsol. IPO o 26% o Repsol caipital. Shares o Repsol, SA became leetit on stock exchanges in Spain an in New York.
1991: The company o Gas Natural wis formed.
1997: The State completes the process o privatization o Repsol. IPO o 10% o Repsol caipital.
1998: Repsol considers the privatization o YPF.
1999: Acquisition o YPF bi Repsol.
2007: Purchase o 14.9% bi the Petersen Group, a company o Argentinae controlled bi Enrique Eskenazi.
In November 2008 LUKoil wis interested in acquirin approximately 30% o the shares o Repsol (20% awned bi Sacyr an 10% o Caja Madrid).
2009: The company enters intae agreement wi Cuba tae extract an drill on their territory.
See an aa[eedit | eedit soorce]
References[eedit | eedit soorce]
- 2008 list of largest petroleum companies by revenue
- "GAO-10-515R Iran's Oil, Gas, and Petrochemical Sectors" (PDF). United States Government Accountability Office. 23 March 2010. Retrieved 20 May 2010.
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