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World

Argentina: YPF to Disclose Deal with Chevron on Court Order

The decision announced by YPF on Wednesday seeks to end a three-year legal fight over the deal for the Vaca Muerta deposit in southern Argentina

Geese are seen near liquefied gas tanks at the General Belgrano gas processing plant of YPF Gas in San Justo, on the outskirts of Buenos Aires, Argentina April 19, 2012, photo: Reuters/Marcos Brindicci
1 year ago

Argentina’s state-run YPF energy company says it will disclose clauses of an investment deal with U.S.-based Chevron Corp. to produce oil and gas by hydraulic fracturing in one of the world’s largest shale deposits.

The decision announced by YPF on Wednesday seeks to end a three-year legal fight over the deal for the Vaca Muerta deposit in southern Argentina.

YPF says its lawyers will turn in a copy of the contract to a local court Thursday.

It follows a 2013 request by a local lawmaker who alleged that the deal had secret clauses after YPF refused to disclose environmental and other information on the project.

Argentina’s Supreme Court and a federal appellate court ordered YPF to release all of the contract’s provisions.

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