Repsol will exploit oil field in Orellana

Repsol will exploit in Ecuador a new field in the province of Orellana, named Wati, in which it is estimated there are between five and six million barrels of oil, said Luis García Sánchez, representative of the company in Ecuador. This area is “an area at the south of...
expropiacion_ypf_s

The Argentine Congress Passed a Law on YPF’s Expropriation

The Argentine Congress approved on Thursday the government bill to expropriate YPF, now 51% of Repsol’s expropriated shares shall be divided between the state and the oil provinces, who will assume the remaining 49%. The Chamber of Deputies approved the measure by 207 votes in...
ypf_s

Argentina’s Senate Approved the Expropriation of YPF project

The Argentine Senate approved on Thursday, by a large majority, the government’s project law supporting the expropriation of 51% of YPF’s shares to the Spanish oil company Repsol, reported EFE. The initiative, promoted by the government of Cristina Fernandez, was approved...