Chevron (CVX) issues an ultimatum to Argentina, saying it will not make any progress on an...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX) issues an ultimatum to Argentina, saying it will not make any progress on an agreed joint venture with YPF until a court threat to its assets is lifted. "We’d like to work with them," CVX vice chairman George Kirkland tells FT, but "this is our money." The tough line hurts the government’s hopes of forming a partnership with a top global oil company to help develop its vast shale reserves.