NEWS CONFERENCE BY DEPUTY ECONIOMY MINISTER ON NATIONALISED OIL COMPANY

The transcript discusses a session of the Assembly of the Republic of Extremadura, where the Minister of Federal Planning, Public Investment, and Services is introduced. The focus shifts to Repsol YPF's significant reduction in oil and gas production, which is criticized as a deliberate strategy leading to the company's decline. The management's approach is questioned, and the company's future is described as one of liquidation and downsizing. The political reaction to this strategy is also highlighted, emphasizing the deliberate reduction in production to increase prices.

What was the main focus of the introduction in the session?

• The achievements of the Minister of Federal Planning

• The reduction in oil production by Repsor YPF

• The future plans for public investment

• The economic growth of Extremadura

How did the speaker describe the management of Repsor YPF?

• Rapidly expanding

• Systematically declining

• Efficient and innovative

• Environmentally friendly

What was the speaker's opinion on the company's economic strategy?

• It was misleading and ineffective

• It was environmentally sustainable

• It was a successful strategy

• It was focused on increasing production

What was the status of the company as described in the final section?

• In a phase of rapid growth

• In liquidation and shrinking

• Stable and profitable

• Expanding its market share

Why did the president become angry according to the speaker?

• Due to a lack of investment in new technologies

• Because of environmental concerns

• Due to a policy of increasing production

• Because of a deliberate reduction in production to raise prices