Repsol agrees to sell Chilean interests

By OGJ editors

Repsol, acting under a plan to focus on exploration and production, has agreed to sell downstream interests in Chile to a group of Chilean investors led by LarrainVial for $540 million (OGJ Online, June 4, 2012).

Repsol Butano Chile, the unit covered by the agreement, holds a 45% stake in Lipigas, a retail LPG business, and other financial interests.

Repsol’s strategic plan for 2012-16 calls for asset sales of up to €4.5 billion. Including the Chilean transaction, the company has completed €1.85 billion in sales so far.

Related Articles

WoodMac: US tight-oil market ‘too robust to bust’

03/25/2014 A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of t...

Gorder named Valero chief executive officer

03/25/2014

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

03/25/2014 Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As...

MOL closes purchase of North Sea assets from Wintershall

03/25/2014 MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in th...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected