Spanish major Repsol said it is studying "various opportunities and proposals" for its upstream business after US private equity orm EIG Global Energy Partners was reported to be in talks to buy a 25% stake. The discussions between EIG and Repsol-reported by Reuters on Tuesday-comes at a time when high oil and gas prices are generating strong upstream earnings for integrated majors such as Repsol. Analysts say a 25% stake in Repsol's E&P business could fetch up to €3.5 billion (ff3.8 billion), including assumption of debt.
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