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2014-05-07 18:00:00

REPSOL MAKES $622 M

REPSOL MAKES $622 M

Spanish oil major Repsol said it will make a $622 million pretax capital gain from the sale of an 11.86 percent stake in Argentine energy group YPF to Morgan Stanley for $1.26 billion.

The shares were sold in the form of American Depositary Shares (ADS), the company said in a regulatory filing on Wednesday.

Following the sale, Repsol's remaining stake in YPF is under 0.5 percent, it said.

reuters.com

Tags: REPSOL, OIL

Chronicle:

REPSOL MAKES $622 M
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CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

REPSOL MAKES $622 M
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LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

REPSOL MAKES $622 M
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BAHRAIN'S GDP UP 3.2%

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REPSOL MAKES $622 M
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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