Spanish oil firm Repsol YPF SA (REP.MC) hasn't been able to verify the current state of its facilities in war-torn Libya, a spokesman for the company said Wednesday.
Spanish oil firm Repsol YPF SA (REP.MC) hasn't been able to verify the
current state of its facilities in war-torn
Libya
, a
spokesman for the company said Wednesday.
The company's facilities in the country remained undamaged as of July 28, the
date of Repsol's most recent quarterly conference call with investors, the
spokesman said.
Chief Financial Officer Miguel Martinez said on that call that Repsol could be
ready to restart operations in a matter of weeks once the civil war ends and
employees are able to return to
Libya
, if
its facilities remain in good working condition.
Repsol remains committed to that timeframe under those conditions, but the
company's employees haven't yet returned to the country to assess whether any
damage has occurred, the spokesman said. Repsol employees were pulled out of
Libya
earlier this year.
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