Repsol Argentina Kicillof
But Argentina paid nothing and deputy finance minister Axel Kicillof a rising star in CFKs staff defiantly blamed Repsols abusive dividend policy and environmental damage of causing. Argentina will pay Repsol with bonds to compensate the Spanish oil major for the seizure of its majority stake in energy company.
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Repsol emptied the company even though YPF is vital for Argentinas self-sufficiency Kicillof and de Vido said claiming that oil production has.
Repsol argentina kicillof. Economy Minister Axel Kicillof signed the deal with a group of representatives from Repsol which as part of the settlement agreed to drop all legal action against Argentina. That brazen move propelled Kicillof to Argentinas. Breadcrumb Trail Links.
Kicillof also accused Repsol of hiding the true value of its Argentine unit and said a thorough review of its books after seizing control of its offices in Buenos Aires will affect the. Argentinas Deputy Economy Minister Axel Kicillof rejected Repsols compensation demand for its YPF unit and said the government will rely on solid data to value its takeover of 51. Government economist Axel Kicillof stormed the world stage this week when Argentina moved to nationalize energy company YPF defending the plan he helped devise in a fiery speech worthy of Venezuelan President Hugo Chavez.
It was he who as deputy economy minister in 2012 spearheaded the nationalization of YPF an oil and gas company owned by Spanish firm Repsol. Salió de Economía del equipo de Kicillof. Kicillof said that at the time of the takeover Repsol was too hasty when it demanded US15 billion in compensation and later US105 billion.
The Argentine state acted with a. Leftist junior economist the fire under Argentinas Repsol asset grab. Kicillof then leveraged the settlement in a deal with the Paris Club an informal group of government creditors in May that would have allowed the Argentina to refinance its 100 billion debt and.
On Tuesday Argentinas deputy finance minister Axel Kicillof told policymakers in Congress the government doesnt plan to pay Repsol the 10 billion Brufau asked for noting the companys. Kicillof said the two sides have come closer to agreement but. Argentinas deputy economy minister Axel Kicillof raised the stakes in the international row over the countrys raid on YPF-Repsol by pledging.
According to press reports Argentinas deputy economy Minister Axel Kicillof who has taken charge of YPF told senators that the government would not be meeting Repsols full demand for. For instance with Mr. Charismatic and polarizing the 40-year-old Kicillof lambasted free-market fundamentalists as he defended the push to seize control of YPF from Spains Repsol.
When Axel Kicillof the newly inaugurated governor of Buenos Aires took the stage Tuesday to address the provinces anxious foreign creditors he flashed none of the brash volatile antagonism. Kicillof at the helm of the economy ministry Argentina has begun discussions with Repsol over compensation for the seizure of its shares in YPF. Él se lo propuso a la presidente que miró los números tanto del potencial petrolero como de la falta de inversión de Repsol y aceptó asegura.
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