Energy Industry
Industry: Email Alert RSS FeedREPSOL YPF PLANS INVESTMENTS IN BRAZIL.
Europe Energy, February, 2003
Spain's leading oil company, Repsol YPF, plans to invest 200 million Dollars in Brazil, where it owns a network of service stations and the Rio Grande do Sul refinery. Repsol YPF Vice-President Ramon Blanco recently announced the plans to Brazil's Head of State Luis Inacio Lula Da Silva. Details on the beneficiaries of the investment were not made public.
Repsol has a 30% stake in the Alberto Pasqualini refinery (REFAP), located in the Brazilian State of Rio Grande do Sul, and owns a network of 481 service stations in central and south Brazil selling 480 million litres of fuel a year. At a meeting with the new President of Brazil, the representative of Repsol YPF, which pumps 50% of its oil exports in Argentina, stressed the need for a "single energy market"...
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