Chile says to back ENAP in Argentina after YPF move
SANTIAGO (Reuters) - Chile will back state oil and gas company ENAP after Argentina moved to expropriate Repsol's controlling share of the country's leading energy company YPF, Finance Minister Felipe Larrain said on Tuesday.
Larrain said he hoped the issue would not hurt Chilean investments in the neighboring nation.
"It's an issue that hasn't gone unnoticed by the government ... The government backs ENAP in the process of looking after ENAP's interests," Larrain said.
ENAP has over $100 million invested in Argentina, Larrain said.
Part of that investment is in a joint-venture between YPF, which is controlled by Spain's Repsol, and subsidiary ENAP Sipetrol Argentina.
(Reporting by Moises Avila. Writing by Anthony Esposito.)
NEW YORK - U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. | Video
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.