International Negotiation Repsol/Ypf Essay

YPF (YacimientosPetrolíferos Fiscales) is an Argentine company that explores, extracts, distills, distributes and sells oil and its products. It is Argentina's largest company with over 46,000 employees. It was a state enterprise established in 1922, but it was privatized in 1992 because it stopped the profit, and after several years, in 1999 YPF was acquired by Spsol Repsol who dominated 97.81% after going to YPF It was. More than 150 million YPF Offer (OPA) cash payment

1 For over 12 years there was no major problem in YPF's business in Argentina but eventually the conflict between YPF and the Argentine government in 2011 began to appear at the company level at first, As time goes by, it will be an international diplomatic dispute between Spain and Argentina.

One of the main problems emerged when YPF announced on 7th November 2011 that it discovered Neuquen province's largest oil field in Argentina history; the first estimate was 927 million in addition to large amounts of oil and oil There was more oil than barrel. Quality is also very good, and this new discovery Argentina may become a dynamic field with the direct competitors of the Persian Gulf countries. According to the new estimate of YPF on February 8, 2012 two months later, the La Vaca Muerta oil field is much larger, producing 22.87 million barrels of oil, an annual investment of 37.5 million barrels It was required. explosion

Repsol did not implement sanctions in 2010 due to allegations of anti-competitive behavior (excluding YPF). All additional information on Repsol YPF Group's 2010 contingent liabilities and commitments are contained in Repsol YPF Annual Consolidated Account Note 34. This allows other market operators to bid on the Repsol service station just before the end of the exclusive supply contract. Owners of service stations are free to accept bids sent from Repsol or its competitors. Therefore, this is a means to promote and promote competition in the Spanish petrol station market.

This includes respect for human rights, prevention of fraud and corruption, relations with stakeholders, and other code of conduct concerning issues.

• Repsol YPF Ecuador joined the international conference on transparency of the oil sector held in Quito on 21 and 22 October: new challenges and opportunities. We are participating in the "multi-sectoral alliance building" working group of government, civil society and private enterprises with transparency problems. As part of its commitment to transparency, in November 2010, Repsol signed the "good tax practice" created by the large corporate forum and the Spanish tax office. The Spanish government is promoting this initiative to promote transparency, sincerity and cooperation with the Spanish Tax Office (AEAT) in the legal protection of commercial tax practices and tax law application and interpretation.

This includes respect for human rights, prevention of fraud and corruption, relations with stakeholders, and other code of conduct concerning issues.

Repsol YPF clearly states political neutrality with the public institutions of the country in which it operates. Likewise, Repsol's ethics and code of conduct explicitly prohibits payment to political parties who illegally attempt to acquire or maintain business benefits or other advantages. In particular, by signing "Good Tax Practice", Repsol plainly promised not to use the opaque structure for tax purposes. An opaque structure is an act designed to prevent the taxpayer from identifying the responsible party or the owner of the goods or rights by using a special purpose entity where the tax authorities do not cooperate with tax authorities or tax authorities .

This includes respect for human rights, prevention of fraud and corruption, relations with stakeholders, and other code of conduct concerning issues.