Repsol is a Spanish company from Spain formed in October 1987 by the National Institute of Hydrocarbons as a result of the reorganization of the Spanish oil sector and adaptation to changes at a global level. Their activities include exploration, production, transport and refining of oil and gas. They got their name from the lubricant brand Repesa as it was well known and easy to pronounce in different languages. Between January and June of 1999, Repsol acquired 97.81% of Argentina’s YPF S.A., which resulted in a more balanced and better positioned multinational company.