Watching The World: Lukoil’s Repsol bid

12/01/2008
Spanish officials are up in arms to defend their nation’s oil and gas industry from an invasion by the Russians. Does that sound a little dramatic? Read on.Last week, Spain’s Interior Minister said he would prefer that a company other than Russia’s Lukoil buy builder Sacyr Vallehermoso’s stake in Spanish oil group Repsol–and he didn’t mince words.“If you ask me if there is another partner for Repsol I would prefer than Lukoil, I would definitely find one,” said Alfredo Perez Rubalcaba, speaking on Spanish radio station Onda Cero.Isn’t it unusual for a country’s interior minister to be consulted on such a deal? In our experience, ...

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