Repsol YPF
Encyclopedia
Repsol YPF, S.A. 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.
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 Quimica (Alcudia).
1989: The State (INH) began the privatization of Repsol. IPO of 26% of Repsol capital. Shares of Repsol, SA became listed on stock exchanges in Spain and in New York.
1991: The company of Gas Natural was formed.
1997: The State completes the process of privatization of Repsol. IPO of 10% of Repsol capital.
1998: Repsol considers the privatization of YPF.
1999: Acquisition of YPF by Repsol.
2007: Purchase of 14.9% by the Petersen Group, a company of Argentina controlled by Enrique Eskenazi .
In November 2008 LUKoil was interested in acquiring approximately 30% of the shares of Repsol (20% owned by Sacyr and 10% of Caja Madrid).
2009: The company enters into agreement with Cuba to extract and drill on their territory.
2010: Repsol signed an agreement for investments estimated in U$10 billion in Iran
.
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
company with operations in 29 countries. The bulk of its assets are located in Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
and Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
, as a result of the 1999 takeover
Takeover
In business, a takeover is the purchase of one company by another . In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.- Friendly takeovers :Before a bidder makes an offer for another...
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
Fortune Global 500
The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine....
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
Buenos Aires Stock Exchange
The Buenos Aires Stock Exchange is the organization responsible for the operation of Argentina's primary stock exchange located at Buenos Aires CBD. Founded in 1854, is the successor of the Banco Mercantil, created in 1822 by Bernardino Rivadavia.Citing BCBA's self definition: "It is a...
.
Repsol also partners with Honda Racing Corporation
Honda Racing Corporation
Honda Racing Corporation is a division of the Honda Motor Company formed in 1982. The company combines participation in motorcycle races throughout the world with the development of high potential racing machines. Its racing activities are an important source for the creation of leading edge...
to compete in MotoGP under Repsol Honda
Repsol Honda
Repsol Honda is the official factory team of Repsol YPF and the Honda Racing Corporation in the MotoGP World Championship.-History:In the team entered a 3 rider lineup with Mick Doohan, Àlex Crivillé and Shinichi Itoh riding the Honda NSR500...
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 Quimica (Alcudia).
1989: The State (INH) began the privatization of Repsol. IPO of 26% of Repsol capital. Shares of Repsol, SA became listed on stock exchanges in Spain and in New York.
1991: The company of Gas Natural was formed.
1997: The State completes the process of privatization of Repsol. IPO of 10% of Repsol capital.
1998: Repsol considers the privatization of YPF.
1999: Acquisition of YPF by Repsol.
2007: Purchase of 14.9% by the Petersen Group, a company of Argentina controlled by Enrique Eskenazi .
In November 2008 LUKoil was interested in acquiring approximately 30% of the shares of Repsol (20% owned by Sacyr and 10% of Caja Madrid).
2009: The company enters into agreement with Cuba to extract and drill on their territory.
2010: Repsol signed an agreement for investments estimated in U$10 billion in Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
.