Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,861.38
    -2,030.84 (-3.23%)
     

  • CMC Crypto 200

    1,264.08
    -93.93 (-6.92%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • Dow

    39,512.84
    +125.08 (+0.32%)
     

  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     

  • Gold

    2,366.90
    +26.60 (+1.14%)
     

  • Crude Oil

    78.20
    -1.06 (-1.34%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

Repsol sells stake in Peru pipeline to Enagas

Repsol sells its 10 percent stake in gas pipeline in southern Peru to Enagas for $219 million

Associated Press

MADRID (AP) -- Spanish energy company Repsol says it has agreed to sell its 10 percent stake in a gas pipeline in southern Peru to Spain's Enagas SA for $219 million.

Repsol SA says the sale of its share in the Transportadora de Gas del Peru pipeline will net around $75 million in capital gains.

The deal will be completed in the coming months, Friday's statement says.

TGP transports natural gas and liquids from Camisea fields inland to the Peru LNG liquefaction plant in Pampa Melchorita, 110 miles (170 kilometers) south of Lima.

Repsol has said third-quarter net profits last year fell by 48 percent because of production interruptions in Libya and narrower refining margins.

Repsol shares fell by 2.1 percent to 3.8 euros in late afternoon trading on Spain's IBEX-35 stock exchange.