Gas giant.Repsol YPF Repsol YPF, S.A., (IBEX-35:REP) is an integrated Spanish oil and gas company with operations in 29 countries, the bulk of its assets are located in Spain and Argentina. The product of a 1999 takeover of Argentine energy firm YPF by the Spanish conglomerate Repsol S.A. , a Spanish-Argentine oil company, announced it would invest more than US$26 billion through 2009. In June it signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Hunt Oil, a U.S. oil company, to work together to develop Peru LNG LNG (liquefied natural gas): see under natural gas. , a Peruvian natural gas pipeline company. Construction should wrap up in 2009, when the project will move 4 million tons of liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. a year to the United States and Central America. While Latin America has been a staple for company revenues, Repsol YPF is branching out to oilfields across the globe. Further investments will develop oil and gas projects under way in Algeria, Iran and the Caribbean. |
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