Repsol YPF is an international integrated oil and gas company, operating in more than 30 countries where it carries out hydrocarbon exploration and production, refining and commercialization, chemistry and gas distribution. It is one of the ten major private oil companies at global level, and the major private energy company in Latin America in terms of assets. Its hydrocarbon production is over 1.1 million barrels of oil equivalent per day and its crude oil and gas reserves reached 2.612 billion barrels of oil equivalent as of December 31, 2006, mainly located in South America, in the North of Africa and in the Gulf of Mexico.

Refining and marketing

Repsol refining capacity is over 1.2 million barrels per day; it operates nine refineries, five of them in Spain, three in Argentina and one in Peru. In addition, the company holds shares in another refinery in Argentina and two in Brazil. It commercializes its oil products by means of a vast network of over 6,800 points of sale distributed in Europe and Latin America. Repsol YPF is the leading operating company in Argentina and in Spain, and one of the major operators in Peru and Ecuador.

LPG and natural gas

In 2006, in the liquefied gas petroleum business (LPG) the company recorded an increase of 11.4% in relation to 2005; with annual sales of nearly 3.7 million tons, Repsol YPF is the third largest world company and one of the most efficient. Besides, the company, either directly or through its subsidiaries, distributes natural gas to more than 10 million customers in Spain and Latin America, out of which more than 5 million are in Latin America.

Chemical activity

Repsol YPF chemical activity is essentially carried out in five industrial centers, two of them located in Spain and three in Argentina. Southern Europe and Mercosur countries are the most significant markets. This business is closely integrated with refining and natural gas production activities, and applies its own technology to produce high value- added products.

Technological development

In its determined bet for technological innovation, Repsol YPF fosters its technological development capacity consistently with its corporate growth; with this purpose, it owns a Technology Center whose level is similar to the best technological complexes of the energy industry in the international scenario. This bet for innovation is accompanied by the development of environmentally friendly technologies, an essential value for managing all its businesses.

Personal data

Brufau is 59 years old and he has a long background in the energy sector. He holds a Bachelor’s Degree in Economic Sciences from the University of Barcelona, and is a Master in Business Administration from IESE. His professional career began in Arthur Andersen, where he reached the position of Audit Director Partner. In 1988 he joined the “Caixa” as Associate General Director. From 1991 to 1999 he was Executive Associate General Director of the financial entity, and from 1997 on, he became chairman of Natural Gas Group. In January 1999 he was appointed General Director of “Caixa” Group, a position he abandoned to assume its new responsibilities in Repsol YPF.

Background

Over its long business record, Antonio Brufau has been part of several boards, among them those belonging to Suez, Enagás, Abertis, Aguas de Barcelona, Colonial and Caixa Holding, as well as CaixaBank France and CaixaBank Andorra. In July 2002 he was appointed chairman of the Economic Circle of Barcelona, and from March 2003 on, he has been the sole Spanish member in the Executive Committee of the International Commerce Chamber (ICC).