Repsol CEO: Selling Venezuela Assets Not An Option Today

March 10 (Reuters) - Repsol SA REP.MC:

• PLAN INCLUDES 1 BILLION EUROS OVER THE WHOLE PERIOD OF PROCEEDS FROM PORTFOLIO MANAGEMENT

• PLAN'S CENTRAL SCENARIO FORESEES POTENTIAL FINANCIAL FLEXIBILITY OF UP TO 2 BILLION EUROS

• NEW SITUATION IN VENEZUELA MAY CREATE AN OPPORTUNITY TO MOVE FORWARD WITH PROJECTS THAT HAVE BEEN ON HOLD

• WE ARE CONSIDERING POTENTIAL INCORPORATION OF ADDITIONAL INVESTORS IN U.S. LOW-CARBON BUSINESS

• WE PLAN TO INCREASE OIL PRODUCTION IN VENEZUELA USING CASH FLOW WE’LL GET FROM THE COUNTRY

• IN TERMS OF DEBT ISSUE IN VENEZUELA, THINGS ARE NOT GOING TO CHANGE DRAMATICALLY IN COMING 1-2 YEARS

• REFINING MARGIN IN MARCH HAS BEEN ON AVERAGE $20 A BARREL

• SELLING VENEZUELA ASSETS IS NOT AN OPTION FOR REPSOL TODAY

Source text: [ID:]