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.

20120418_REPSOL_Cartagena_02 — © 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.

King Tries to Secure Oil Supplies in Visit to Kuwait

King Juan Carlos visited Kuwait yesterday on a work trip to improve economic and political relations with that Gulf state, the Spanish Royal Household said today.

His Majesty met with government officials, including the Kuwaiti Emir His Highness Sabah Al-Ahmad Al-Jaber Al-Sabah.

According to El Pais newspaper, the King also spoke about the possibility of Spain buying oil from Kuwait to make up for any import losses from an embargo on Iran.

20120404_kuwait_5 — © Kuwait News Agency

The last time King Juan Carlos was in Kuwait was in February of last year. He’s now scheduled to retreat to Marivent Palace in Palma de Mallorca for the Easter Holiday.