Source Pravda.Ru

Repsol lifted On News Of Argentine Export Quota Lift

Repsol YPF shares rose by as much as five percent yesterday on newspaper reports that Argentina, which accounts for two-thirds of production at Europe's fifth-largest oil company, has formally scrapped a limit on oil exports from the country.

The shares rose by 52 cents to 12.04 euros as of 1:10 p.m. at the Madrid stock Exchange, taking the stock's gain to eleven percent in the last four sessions.

The Argentine government had previously set a thirty six percent limit on total oil production, to secure local supply and keep prices stable.

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&to=http://www.repsol-ypf.com/eng/home/home.asp' target=_blank>Repsol YPF

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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