The chairman of Spanish oil major Repsol said
in an interview that the company hopes to arrive at an
agreement with the Argentinean government for the
nationalization of Repsol subsidiary YPF in April.
Chairman Antonio Brufau told the El Pais newspaper,
"I still believe and hope that we can reach an agreement over
YPF. I hope we can reach an agreement to compensate us for that
which belonged to us."
Argentina seized control of YPF after accusing Repsol of not
investing enough in the unit, and forcing the country to rely
too heavily on costly fuel imports.
Repsol filed suit against Argentina in May to recover more
than $10 billion in assets. The resolution of the suit, which
was filed with the World Bank's International Centre for
Settlement of Investment Disputes (ICSID), could take years,
according to experts.
"We will go to the ICSID when we see best, but we can
withdraw the request if agreement is reached," Brufau