Wednesday, Aug 24, 2011
MADRID (Dow Jones)--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.
-By Ilan Brat, Dow Jones Newswires, +34-91-395-8125, ilan.brat@wsj.com
(END) Dow Jones Newswires
24-08-11 1141GMT
