REPYY Repsol SA (QX)

   By Mauro Orru 
 

The Peruvian government has halted Repsol SA's oil-loading and offloading activities at the La Pampilla refinery, saying the Spanish energy company hasn't provided enough guarantees that it could prevent any future oil spills.

Peru's ministry of environment said late Monday that it requested changes in Repsol's contingency plans after high waves triggered by a volcanic eruption in Tonga led to an oil spill along Peru's coast in mid-January.

The measures are aimed at averting emergency situations that Repsol wouldn't be able to deal with in a swift manner, the ministry said.

Repsol said late Monday that it is willing to collaborate with the authorities so that its activities can resume as soon as possible.

"Repsol will make every effort to avoid the risk of shortages of essential products for Peruvian citizens and the country's development," the company said. It also said it would continue to focus on cleaning up the spill and supporting the affected populations and wildlife.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

February 01, 2022 02:01 ET (07:01 GMT)

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