Spain slams Argentina amid escalating oil dispute

Oil   Policy

BUENOS AIRES, Argentina (AP) — Spanish officials warned Argentina on Friday that the country risks becoming "an international pariah" if it follows through on its threats to wrest control of Spanish-owned energy company Repsol's majority stake in its South American YPF unit.

Escalating tensions, Spanish Foreign Minister Jose Manuel Garcia-Margallo summoned Argentine Ambassador Carlo Antonio Bettini to convey Spain's "concern" over possible nationalization of YPF, which represents 42 percent of Repsol's total reserves, estimated at 2.1 billion barrels of crude.

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