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Repsol (REPYY.PK) sues Chevron (CVX) in U.S. federal court over CVX's cooperation agreement with...

Repsol (REPYY.PK) sues Chevron (CVX) in U.S. federal court over CVX's cooperation agreement with Argentina's YPF. The Spanish company claims CVX entered into its contract after Argentina expropriated its majority stake in YPF, and it seeks a declaration that CVX has no rights under the contract and can't develop energy assets without authority from YPF.
Comments (1)
  • This is interesting stuff because Repsol still has an equity position in YPF - although reduced substantially after the expropriation. There's two sides to this story, and some folks think Argentina might seize other "foreigner's" assets, but that's not going to happen - I think.
    4 Dec 2012, 05:33 PM Reply Like
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