Repsol Presses Charges Against Chevron for Making Plans to Conduct Business with YPF at the Vaca Muerta Shale Formation
Repsol has pressed charges against Chevron over “disloyal competition,” after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced.
A Madrid court has accepted the case, which complements the one started in September by Repsol against YPF after it was expropriated by the Cristina Fernández administration.
“These charges are now part of the lawsuit started against YPF over disloyal competition due to the understanding agreement signed between YPF and Chevron” last September in order to explore the Vaca Muerta reservoir, the spokesman said.
Repsol had already threatened to take legal action against anyone who invested in YPF or its assets, which according to the Spanish company, were expropriated illegally.
“We will continue to pursue legal action in order to protect our interests,” he said.