Prince Felipe Supports Repsol Amid Takeover

Last month Prince Felipe appeared to sound off on Argentina’s nationalization of a subsidiary of Spanish oil giant Repsol.

During the inauguration of the company’s refinery expansion in Cartagena, Spain, the Prince of Asturias thanked Repsol “for all it does and has done — which is a lot — for the welfare of numerous countries.”

He also expressed support for workers in and outside of Spain. The comments came just hours after Argentine President Cristina Fernandez de Kirchner said her country would take a majority stake in Repsol’s YPF.

© Casa de S.M. el Rey / Borja Fotógrafos

The refinery project represents the most significant industrial investment in Spanish history. The Prince said the facility would be among Europe’s finest and most technologically advanced.

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