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A man walks past the headquarters of Spanish oil company Repsol in Madrid on December 16, 2014. Spanish oil giant Repsol said on December 16, 2014 it has agreed to buy its struggling Canadian rival Talisman for $8.3 billion (6.6 billion euros), a deal that will extend its global reach. Under the deal, which was approved by Repsol's board, the Spanish firm will also assume Talisman's debt of $4.7 billion, Repsol said in a statement.
AFP PHOTO / PIERRE-PHILIPPE MARCOU        (Photo credit should read PIERRE-PHILIPPE MARCOU/AFP/Getty Images)

A man walks past the headquarters of Spanish oil company Repsol in Madrid on December 16, 2014. Spanish oil giant Repsol said on December 16, 2014 it has agreed to buy its struggling Canadian rival Talisman for $8.3 billion (6.6 billion euros), a deal that will extend its global reach. Under the deal, which was approved by Repsol's board, the Spanish firm will also assume Talisman's debt of $4.7 billion, Repsol said in a statement. AFP PHOTO / PIERRE-PHILIPPE MARCOU (Photo credit should read PIERRE-PHILIPPE MARCOU/AFP/Getty Images)

Spain’s Repsol expect 22% fall in profits

byCT Report
06/05/2016
in Spain
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MADRID: Spanish oil giant Repsol’s earnings are expected to fall 22% this year.

The international agency Fitch ratings said the firm has a negative outlook given that oil looks set to remain at around €31 a barrel this year.

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