Repsol Looking For Potential Shareholders In Qatar -Report

Date : 12/06/2011 @ 10:10PM
Source : Dow Jones News
Stock : Ecopetrol S.A. American Depositary Shares (EC)
Quote : 9.19  -0.06 (-0.65%) @ 3:59PM

Repsol Looking For Potential Shareholders In Qatar -Report

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Antonio Brufau, the executive chairman of Repsol YPF SA (REP.MC), is holding talks with potential shareholders in Qatar, during the World Petroleum Congress in Doha, reports Expansion in its Wednesday Internet edition.

Repsol is looking to help Sacyr Vallehermoso SA (SYV.MC), its largest shareholder with a 20% stake, to sell about half of its stake in the oil company.

Among the potential buyers are China Petroleum & Chemical Corp. (SNP), or Sinopec, India's Essar Energy (ESSR.LN), Colombia's Ecopetrol (EC), Italy's Eni SpA (E), as well as Arab funds such as Qatar Holding.

Newspaper website: www.expansion.com

-Dow Jones Newswires; enza.tedesco@dowjones.com

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