Spain's Repsol makes 2.9 bln-euro writedown on oil reserves

MADRID, Jan 27 (Reuters) - Spanish oil company Repsol wrote down the value of its oil reserves by 2.9 billion euros ($3.2 billion) on Wednesday due to a steep fall in energy prices, a move which it said would mean it would record a net loss of 1.2 billion euros for 2015.