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.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women