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Spanish oil giant Repsol will take legal action
against Argentine oil company Bridas over its plans to exploit shale
resources jointly with state-controlled energy firm YPF, Repsol
sources said Friday.
Repsol formerly controlled 51 per cent of YPF, which Argentina
nationalized in April.
Repsol has challenged the nationalization through a World Bank
arbitration organ, arguing that Argentina wanted to take control of
important shale oil resources that had been discovered by Repsol.
Repsol has also sued the US oil company Chevron over a deal to
participate in exploiting the resources at Vaca Muerta.
