REPSOL has not enough oil to be a big energy company, one of the reason is from the last years when its main investing were in some latinoamerican countries, however a kind of nationalistic resurrection change the game rules for REPSOL.

If we remember, one of the best deals for REPSOL was to bought the state-owned oil company of Argentina called Yacimientos Petroliferos Fiscales or YPF, a historical oil company specialising in the exploration, production, refining and commercialisation of petroleum, but for REPSOL the most important was its oil and gas reserves. This southamerican state-owned oil company was privatized in 1991, the State retained a 5 per 100 share, which it sold in 1999 to REPSOL, buying the entire company; former YPF operations represent almost 50 per 100 of its production.

Continue Reading »

If you liked this post, buy Me a Coffee. (Suggested: $3 for a standard or $5 for a mocha)

The NAFTA Region is called to build a big energy plan to ensure its economy development. One of the most important advantages of the NAFTA against other economic region like MERCOSUR, ASEAN, APEC or European Community -the first of three pillars of the European Union- is the situation to only need seat to three people to talk (Canada, U.S.A. and Mexico).

The NAFTA members are considering to shared total of 64 liquefied natural gas import terminal proposals. But no yet, talking about a nucleoelectric program like an ¨extra tool¨ to mitigate climate change challenge for all North America. However any energy plan needs to be accompanied with a better security plan, no only to the new LNG terminals, need to be a security plan thinking to the present and future North American energy assets to Protect it from all kind of enemy of the United States of America, In another hand, we can think in Mexico, with its particularly problems with the Zapatista Army of National Liberation (EZLN) and The Popular Revolutionary Army (EPR) they could be dangerous to the development of Mexico and its contribution to the region of North America. For above reason is a pleasure to have almost a Energy Working Group inside of the Security and Prosperity Partnership of North America, that is a continent-level dialogue, to enhance security and economic cooperation in North America.

Could be this Security and Prosperity Partnership’s Dialogue the next step to the integration of North America?

Technorati Profile

|Manuel Torres Laveaga