Repsol YPF to exit Platanillo

The specialist Spanish business press has gone on record this week with the statement that Spanish oil and gas group Repsol YPF is set to sell off its stake in the Platanillo block. Repsol YPF controls a 30% share of the Colombian concession contract. The reasoning Repsol has used is that Colombia lacks the infrastructure with which to refine derivatives. Additionally, the firm is increasingly concentrating on operations within Organizacion para la Cooperacion y el Desarrollo Economico (OCDE) - Organisation for Economic Co-operation and Development (OECD) member-nations.

Publication: SABI - Business News
Provider: South American Business Information
Date: March 12, 2008

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