Repsol S.A. - History

History

  • 1948: REPESA incorporation (oil refineries located in Escombreras) created for the installation of a refinery in the Valley of Escombreras (Cartagena)
  • 1981: Creation of INH: Public organisation created to integrate the various companies operating in the oil and gas sectors in which the Spanish state had a controlling interest or was the sole owner.
  • 1986: Creation of the Repsol group: Its sole shareholder is the INH. Repsol brings together the companies in which the Spanish government had a majority ownership in the areas of Exploration and Production (formerly Hispanoil) and Production, Refining (formerly ENPETROL), Chemical and Liquefied Natural Gas (LNG), Butane (former Butano SA), CAMPSA and Petronor. Repsol Quimica (Alcudia).
  • 1989: The State (INH) began the privatisation of Repsol. IPO of 26% of Repsol capital. Shares of Repsol, SA became listed on stock exchanges in Spain and in New York.
  • 1991: The company of Gas Natural was formed.
  • 1997: The State completes the process of privatisation of Repsol. IPO of 10% of Repsol capital.
  • 1998: Repsol considers the purchase of YPF.
  • 1999: Acquisition of YPF by Repsol.
  • 2007: Purchase of 14.9% by the Petersen Group, a company of Argentina controlled by Enrique Eskenazi.
  • November 2008: LUKoil was interested in acquiring approximately 30% of the shares of Repsol (20% owned by Sacyr and 10% of Caja Madrid).
  • 2009: The company enters into agreement with Cuba to extract and drill on their territory.
  • 2010: Repsol signed an agreement for investments estimated in U$10 billion in Iran.
  • 2012: Argentina and Repsol spar in nationalisation of Repsol's Argentinian business YPF.
  • 2012: Argentinian takeover of YPF official.

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