Repsol YPF

Repsol YPF, S.A. (originally an initialism for Refineria de Petróleos de Escombreras Oil - Yacimientos Petrolíferos Fiscales Sociedad Anónima) is an integrated Spanish oil and gas company with operations in 29 countries. The bulk of its assets are located in Spain and Argentina, as a result of the 1999 takeover of Argentine energy firm YPF' by the Spanish conglomerate Repsol S.A.. It is now the 15th largest petroleum refining company according to the Fortune Global 500 list, employing over 40,000 people worldwide.

In May 2006 Repsol announced it was planning to float between 15% and 20% of YPF's shares on the Buenos Aires Stock Exchange.

Repsol also partners with Honda Racing Corporation to compete in MotoGP under Repsol Honda Team.

History

1948: REPESA incorporation (oil refineries located in Escombreras) created for the installation of a refinery in the Valley of Escombreras (Cartagena)

1981: Creation of INH: Public organization created to integrate the various companies operating in the oil and gas sectors in which the Spanish state had a controlling interest or was the sole owner.

1986: Creation of the Repsol group: Its sole shareholder is the INH. Repsol brings together the companies in which the Spanish government had a majority ownership in the areas of Exploration and Production (formerly Hispanoil) and Production, Refining (formerly ENPETROL), Chemical and Liquefied Natural Gas (LNG), Butane (former Butano SA) , CAMPSA and Petronor. Repsol...
Read More