Business: Repsol YPF is an integrated energy company engaged in all aspects of the oil and gas business including, production and transportation of crude oil and natural gas, petroleum refining and marketing, gas distribution and power generation. The company has operations in 30 countries, most notably Spain and Argentina. Repsol YPF is the largest producer and a market leader in Argentina as well as being a very significant player through the Southern Cone. The company has 11 Tcf of gas reserves in Bolivia (more than 23% of the nation's total reserves) and has a strong presence in Chile, Peru and Brazil. In addition, the company has a strong presence in Mexico's gas distribution sector through Gas Natural SDG.