Repsol YPF to Double Capacity at Cartagena Refinery
by AFX News Limited
January 08, 2008
Repsol YPF SA said its board of directors has
approved an investment of EUR3.2 billion in its Cartagena, Spain refinery, where capacity
will be doubled to 220,000 barrels per day.
Repsol YPF said in a statement the improved installations will be ready in
2011, adding they will help reduce the current deficit in gasoils in Spain.
In November 2005, the Spanish-Argentine oil and gas group announced
investments in its downstream business of EUR6.2 billion in 2005-2009.
Of this total, EUR2.7 billion was earmarked for its refineries in Cartagena and Bilbao to increase production by 20 percent.
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