Repsol agrees to sell Chilean interests

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).

Bob Tippee

July 19, 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.

About the Author

Bob Tippee

Editor

Bob Tippee has been chief editor of Oil & Gas Journal since January 1999 and a member of the Journal staff since October 1977. Before joining the magazine, he worked as a reporter at the Tulsa World and served for four years as an officer in the US Air Force. A native of St. Louis, he holds a degree in journalism from the University of Tulsa.