This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at
El presidente de Repsol YPF anuncia un nuevo plan estratégicoThe President of Repsol YPF announces a new strategic plan
on December 1, 2004
The newly appointed President of
Repsol ypf, Antonio Brufau, announced that the management team of the company is preparing a new Strategic Plan will be presented in the second quarter of 2005 and that will be supported on the current Plan 2003-2007 for the period 2005-2009.
In his first appearance before analysts as President of Repsol YPF, and before that Managing Director, Ramón Blanco, explained the results of the company, Brufau returned to describe the current Strategic Plan as "ambitious" but offered its own priorities in the objectives of the next few years.
Thus, in the area of exploration and production, bet on improve historical performance and take advantage of the important basis of assets available to the company. In particular, he pointed to the need to increase the current value of the large reserves of gas from the company in anticipation of monetization and maximizing prices.
In the case of the business of Liquefied Natural Gas (LNG), he advocated the conclusion of the projects that already they have advanced to the markets, for what, he said, will have to boost collaboration with Natural Gas. "Given my experience in this business, it seems clear that the relationship between the two companies will be widely enhanced if we develop those areas of mutual interest, with the intention of maximizing the value of both companies and work together in new investment project-by-project"She said.
In the areas of refining and Marketing, liquefied petroleum gas (LPG) and chemistry, emphasized the need to achieve greater profitability of many competitive advantages available in Repsol YPF. In this line, said that it will work to identify and implement those "viable opportunities for growth" in significant markets of the company. He also advocated maximizing the efficiency of current operations.