Arab state giants move 60,000 million to Spanish energy

Naturgy, Endesa, Iberdrola, Repsol, Cepsa, Enags, Medgaz and Cox are some Spanish groups with which the largest state-owned companies in the Persian Gulf and Maghreb partner, control or flirt.

Masdarthe renewable group of the emirate of Abu Dhabisold last July a 1.7 billion agreement with Endesa to jointly develop renewable energy sources. Only two months later, Masdar – itself controlled by state groups