Concern in Spain over Russian control of oil firm

Spain's opposition Thursday expressed concern over the possibility of the oil and gas company Repsol YPF coming partly under Russian control, reported dpa.

Companies from outside the European Union should not get involved with strategic sectors in Spain, Cristobal Montoro of the conservative People's Party (PP) said amid reports that the Russian oil giant Lukoil was planning to swoop for just under 30 per cent of Repsol's stock.

The Socialist government "understands that it is good" for Repsol to remain Spanish, but it also needed to heed the company's interests, Prime Minister Jose Luis Rodriguez Zapatero said.

Lukoil was a private company whose main shareholder was from the United States, as opposed to the Russian state company Gazprom, which had also been reported to be interested in Repsol, Zapatero pointed out.

Gazprom has denied such reports.

Zapatero pledged that the government would seek "a result favourable to Spain's strategic interests" and to Repsol.

Spanish national radio earlier reported that Lukoil was targeting a stake of nearly 30 per cent in Repsol, including a 20-per-cent stake held by the construction company Sacyr Vallehermoso, which has been hit by Spain's construction crisis.

A Sacyr spokesperson referred to a document sent last week to the stock market watchdog CNMV which the company declared that talks about the sale of its stake in Repsol with potential buyers were taking place.

Sacyr and Lukoil had been in talks since September, but there was no firm agreement so far, the daily El Mundo quoted unnamed sources as saying.

Criteria, a holding company of La Caixa bank, meanwhile admitted that it had maintained "informal contacts" with an unidentified party about the possibility of selling all or part of its 12.5 per cent stake in Repsol.

There was, however, no concrete offer, Criteria told CNMV.

National radio reports put the cost of a 30-per-cent-stake in Repsol at about 9 billion euros (11.3 billion dollars).

Acquiring more than 30 per cent would force Lukoil to launch a takeover bid for Repsol, according to Spanish media.

Opposition parties and trade union representatives criticized the possibility of Lukoil taking a stake in Repsol.

Another major Spanish energy company, Endesa, had already passed under Italian control, complained Josep Sanchez Llibre of the Catalan regionalist formation CiU.

A stake of nearly 30 per cent would make Lukoil Repsol's biggest shareholder, but would not necessarily give it control of the company, where voting rights of individual shareholders are currently limited to 10 per cent.

The shares of Sacyr Vallehermoso and Repsol went up by 4.92 and 2.08 per cent respectively by midday.

Volume of money supply in Georgia reaches new record high
Volume of money supply in Georgia reaches new record high
Georgia reports 1,824 new coronavirus cases
Georgia reports 1,824 new coronavirus cases
Turkey's 9M2020 export of defense industry products to Georgia grows
Turkey's 9M2020 export of defense industry products to Georgia grows
Loading Bars
Latest
Azerbaijani currency rates for Oct. 27
Iran to operate desalination plant in Bandar Abbas
Liabilities of Turkey's Azerbaijani subsidiary bank notably grow
Armenian troops shelling Azerbaiajni Tartar district's city, villages
Kazakh Gas Refinery to buy construction materials via tender
Turkmenistan increases imports of dried legumes from EAEU countries
Pakistani National Bank's branch in Baku reveals its 9M2020 total assets
Kazakhstan's export volumes to Europe drop
Azerbaijani MP informs Turkish public about situation in Nagorno-Karabakh region (VIDEO)
Kazakhstan's Aktau port to buy pumps via tender
OPEC+ extension could prolong drag on overall GDP growth
Private sector may be used for modernization of power plant equipment in Uzbekistan
Azerbaijani parliament approves resolution to rename Veng village to Chinarli village
Volume of money supply in Georgia reaches new record high
Precious metal prices in Azerbaijan change
Kazakhstan's goods import from Netherlands surges
Data on 9M2020 cargo movement from Italy via Turkish ports disclosled
Turkmenistan buys various polymer products from Russia
Information about shelling of border post on territory of Armenia is false - MoD
Peaceful conditions in Karabakh needed to prevent further environmental damage - UNEP
Azerbaijani oil prices edge down
Turkey's 9M2020 export of defense industry products to Georgia grows
Georgia reports 1,824 new coronavirus cases
Kazakhstan increases iron ores production over 9M2020
Tight oil growth will never be as rampant in future
First Honorary Consulate of Ukraine opens in Azerbaijan
Liberation of Gubadli and Khanlig means breakthrough to Lachin corridor - Azerbaijani MP
Uzbekistan reveals volume of agricultural, forestry, fishery production for 9M2020
Ceasefire violations of Armenia must be considered for OSCE MG to yield concrete results - Turkish MFA
Volume of loans issued by Georgian commercial banks up
Bryansk Machine-Building Plant ready to increase locomotives supply to Turkmenistan
Iran’s Shazand Oil Refining Company supplies fuel to IRISL Group
Armenia is like Trojan horse inside CSTO - Turkish government
Russia's Bryansk Machine-Building Plant, Turkmenistan discuss terms of locomotives delivery
Cherries, grapes top list of fruits and vegetable products exported from Uzbekistan
Total volume of non-bank deposits in Georgian banking sector up
Azerbaijani MFA calls on int'l organizations to investigate breach of children rights by Armenia
Singapore ready to share with Uzbekistan experience in forming digital gov’t
France's import of defense industry goods from Turkey decline
Info on death of defense minister of illegal regime in Nagorno Karabakh issued
Assistant to Azerbaijani President Hikmat Hajiyev interviewed by Al Jazeera TV channel (VIDEO)
Armenia established corridor to bring PKK into Azerbaijan’s occupied territories - Assistant to Azerbaijani president
Blast at Pakistan religious school kills at least seven, including children
Uzbekistan to introduce Chinese standards into automotive industry
EBRD, EU provide another support to small, medium-sized businesses in Turkmenistan
Azerbaijan strongly condemns shelling of Euronews' crew by Armenia - president's aide (VIDEO)
Iranian currency rates for October 27
Tractors with telepathic system used to cotton planting in Turkmenistan’s Lebap region
Uzbekistan reveals its COVID-19 data for October 27
“Jewish Journal” publishes an article on Armenian protest in Los Angeles equating Israel to Nazi Germany
Armenia didn't respond to Azerbaijan's requests for release of war prisoners - Commission
Iranian government eyes to attract investors for Markan coast development
Iran to submit budget plan for new year
Armenia confirms liberation of Gubadli city by Azerbaijan
Iran`s return to FATF blacklist restricts its exports
Destroyed military equipment of Armenian Armed Forces - LIST
Chief of staff of Armenian Army motorized rifle division killed
Latest situation at front line on Oct. 27
Chinese mainland reports 16 new imported COVID-19 cases
Brazil's COVID-19 cases surpass 5.4 mln
U.S. Senate confirms Trump's Supreme Court pick Barrett in nearly party-line vote
5.2-magnitude earthquake hits central Iran, no casualties
Czech Republic to introduce night curfew from Wednesday
61 more coronavirus patients die in Moscow in past day
Germany reports 8,685 new COVID-19 cases
Footage from liberated from occupation Gubadli city (VIDEO)
Footage from liberated from occupation Khanligr village of Gubadli region (VIDEO)
Armenia does not want to take bodies of its deceased soldiers as it fears anger of people - Assistant to the President of Azerbaijan
Kazakh PM meets with Turkish Defense Minister
Footage from liberated from occupation Padar village of Gubadli region (VIDEO)
Azerbaijan neutralizes one of 3 missiles shot by Armenian troops at Azerbaijan's Tartar
Azerbaijan's Bank Association denies lies spread by Armenian side
Effective co-op in field of border security established between Azerbaijan, Iran
Armenian Armed Forces shell Azerbaijan’s Tartar by using 'Smerch' missiles
Armenia indiscriminately targets civilians - Assistant to Azerbaijani president
Azerbaijanis hold rally in California, condemning Armenian terror (PHOTO)
Azerbaijani compatriots living in Minnesota hold protest rally (PHOTO)
Armenian Armed Forces shelling Azerbaijan's Tartar city, villages
Armenian armed forces shelling Tartar city with artillery, missiles in gross breach of humanitarian ceasefire
Iran's powder detergent production grows
Azerbaijanis in Denmark hold protest rally against Armenian terror (PHOTO)
Turkish embassy in Georgia talks joint energy projects of Georgia, Azerbaijan, Turkey
Protest rally against Armenian attack on Ganja held in Bielefeld, Germany (PHOTO)
Iranian Energy Exchange announces products to be on sale October 27
Armenian Armed Forces’ quadrocopter destroyed by Azerbaijani troops
Al Jazeera posts article covering aftermath of Armenian missile attack on Ganja
Baku's secondary housing prices show monthly decline
Investments in Iran's capital market increase
Uzbek Reconstruction and Development Fund to support creation of Export Support Fund
Turkey's export of defense products to Morocco plunges
Nagorno-Karabakh region to be liberated sooner or later: press secretary of Turkish president
USD falls against Uzbek soum for the first time in three months
Work connected with laying of gas pipelines on freed Azerbaijani territories kicked off (PHOTO/VIDEO)
Volume of maritime cargo shipment via Turkey from Spain disclosed
Turkmenistan significantly increases import of wheat flour from EAEU countries
Azerbaijani railway operator admitted to consortium of Trans-Caspian Transport Route
Georgia reveals results of 18 foreign exchange auctions conducted by National Bank
Iran Khodro reveals amount of funds saved thanks to domestic manufacturing
Export of Turkish-made defense products to China slumps
Armenian Armed Forces fire at school in Aghdam (PHOTO)
All news