In this Sunday, July 2, 2012, photo, the DEKALB corn logo is seen on along side of rows of corn in Ashland, Ill. Agricultural products giant Monsanto reported Tuesday, Jan. 8, 2013, that its profit nearly tripled in the first fiscal quarter as sales of its biotech corn seeds expanded in Latin America. (AP Photo/Seth Perlman)
News Summary: Argentina dents Repsol profit
Published: 07:34:28 PM, Thu 28 February 2013 UTC
ARGENTINA EFFECT: Spanish oil and gas company Repsol said its profit last year declined 6 percent, to $2.7 billion, because of the nationalization of YPF, its former Argentine unit, and a drop in the value of its stocks of oil.
PRODUCTION: Production grew 11 percent, with significant increases in Bolivia, Libya, the United States, Spain and Russia.
NEW FINDS: It also laid the foundations for future growth with one of the world's largest oil and gas field discoveries, in Brazil, and other finds in Peru, Colombia and Algeria.
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