Repsol to Meet With Venezuela on YPF Seizure, Pagina 12 Reports

Repsol SA will meet with Venezuelan officials Aug. 9 to discuss the Spanish oil company’s dispute over Argentina’s seizure of its majority stake in YPF SA, newspaper Pagina 12 said today, citing Venezuela’s Oil Minister Rafael Ramirez.

Venezuelan authorities, who last month promised to invest in Argentina to boost oil production, are calling for a friendly solution to Repsol’s conflict with the Argentine government and view the company’s threats to take legal action as a colonialist attitude, the paper quoted Ramirez as saying. Repsol has stakes in oil and gas fields in Venezuela.

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