Repsol Sets Out North Africa Plans
Spain’s Repsol, keen to show that it has strong growth plans despite the recent nationalization of its extensive Argentinian assets, on 30 May set out its plans to raise production by 7% a year to 2016. North Africa featured extensively. The company has significant upstream interests in every country in the region bar Egypt.
Algeria’s $400mn 2.8 bcm/year Reggane North gas project, which was finally sanctioned...