Repsol Profits Up on Libya Recovery

Spanish energy company Repsol has reported that adjusted operating income in third quarter 2012 was €634m, 97% higher than in third quarter 2011.

This growth was mainly driven by greater liquids production volume in Libya, higher prices and volumes of Bolivian gas exports (Phase I Margarita) and the positive currency exchange impact, which was partially offset by higher exploration costs.

(Source: Repsol)

 

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