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Economy

CHINA CLAIMS REPSOL 5,500 MILLION DOLLARS

Two energy company, both with ownership of the Chinese Government – Addax petroleum and Sinopec- have claimed Talisman Energy – integrated in Repsol since last year- and demand this society 5,500 million dollars, about 4,900 million Euros.

 


Repsol reported today National Securities Market Commission (CNMV) in Spain that, Chinese companies claim Talisman that amount of money by investments made by joint venture TSEUK, ownership of Chinese oil company and Spanish company Repsol.

Chinese companies demand both initial investment -amount paid when they acquired 49% of TSEUK- and all contributions made after and the possible opportunity looses.

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