UPDATE 1-Repsol posts 2013 loss as Argentine row nears end

martes 25 de febrero de 2014 17:14 GYT

* Q4 net loss 1.028 billion euros after one-off charges

* Q4 CCS net profit down 51.5 percent on Libya, refining

* Deal with Argentina allows focus on growth (Adds details on output and YPF deal)

By Tracy Rucinski and Andrés González

MADRID, Feb 25 (Reuters) - Spanish oil major Repsol reported a fourth-quarter net loss of 1.028 billion euros ($1.4 billion) after writing down the value of energy assets seized by the Argentine government two years ago in a conflict that was nearing an end on Tuesday.

The results publication came a day ahead of schedule and followed approval by Repsol's board of a $5 billion settlement from Argentina over its 2012 expropriation of Repsol's majority stake in energy company YPF.

Aside from a 1.3 billion euros writedown on the loss of value of its YPF stake, fourth-quarter one-off items included a 1.1 billion euro revaluation of North American assets and a 1.26 billion euro capital gain from the of LNG assets in 2013.

In a regulatory filing, Repsol said CCS net, which takes into account changes in the value of inventories (CCS), compared with a fourth quarter net profit of 342 million euros a year earlier.

Recurring results were also weak following prolonged outages in politically-unstable Libya and periods of maintenance at its refining installations in Spain, which weighed on margins.   Continuación...