MADRID (Reuters) - Spanish oil major Repsol hopes to reach an agreement with Argentina on compensation for the nationalization of Repsol 's YPF subsidiary, the company's chairman said in an interview published on Sunday.
Argentinean President Cristina Fernandez seized control of YPF in April, accusing Repsol of investing too little and making the Latin American country overly reliant on expensive imports.
"I still believe and hope that we can reach an agreement over YPF," Repsol Chairman Antonio Brufau said in an interview with El Pais newspaper. "I hope we can reach an agreement to compensate us for that which belonged to us."
Repsol sued Argentina in May through a U.S. court as part of an effort to recover more than $10 billion from the country in a case that could drag on for years.
Brufau said the company would seek arbitration at the World Bank's International Centre for Settlement of