Spain’s Repsol Said to Weigh Sale of Assets Including Venezuela

epsol SA is considering selling assets in countries including Venezuela as the Spanish oil company seeks to reduce debt after its $13 billion purchase of Talisman Energy Inc. last year, people familiar with the matter said. As part of its plan to reduce peripheral assets, Madrid-based Repsol may also look at divestments in Alaska, Bolivia and the Gulf of Mexico, two of the people said, asking not to be identified as the matter is private. No final decision has been made and the company is still deciding which units to sell, or whether to keep the assets, they said. After acquiring Talisman in the biggest foreign acquisition by a Spanish company since 2006, Repsol Chief Executive Officer Josu Jon Imaz is focusing on integrating the two companies while increasing cash flow and reducing costs. More…