Repsol Says Spanish Court Agrees to Hear Case Against Chevron
MADRID - A Spanish court has agreed to consider a lawsuit by Spanish oil company Repsol SA against Chevron Corp. over its cooperation with Argentina's YPF SA, a spokesman for Repsol said Monday.
YPF, Argentina's top oil and gas producer, signed an agreement with Chevron in September to explore for unconventional energy in the South American nation.
Argentina's government expropriated YPF from Repsol this year and hasn't publicly offered to compensate the Spanish company for the loss of its unit.
Repsol is seeking up to $10 billion in compensation and has pledged to challenge any YPF deals to develop its business with third parties.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
- Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site (Nov 13)
- Chevron Canada Okays Duvernay Development (Nov 07)
Company: Repsol more info
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
- Repsol Says Drilling Suspended On Vietnam Oil Block Disputed By China (Aug 02)
- China Urges Halt To Oil Drilling In Disputed South China Sea (Jul 25)
Company: YPF SA more info
- Argentina's YPF To Invest $21.5B From 2018 To 2022 (Oct 25)
- Indigenous Mapuche Thwart Argentina Shale Development (Sep 08)
- Argentina's YPF CEO Resigns, 6-Member Exec Committee To Run Firm (Aug 28)