MercoPress. South Atlantic News Agency
Repsol takes YPF/Chevron deal to World Bank’s Investment Disputes Centre
Spanish oil company Repsol asked the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) to take provisional measures to prevent YPF state-owned oil company to execute the deal it sealed with Chevron last year to explore for unconventional hydrocarbons in the Vaca Muerta shale formation. Read full article
Comments
Disclaimer & comment rulesGood move by Repsol.
Jul 27th, 2013 - 01:03 pm - Link - Report abuse 0Not too sure about the statement by YPF that Repsol didn't own the assets of the company when they owned the lions share of the company by way of it's shares.
Perhaps, as usual, the law in The Dark Country is different to everywhere else on the planet.
I suppose it is written in Espanol where any word means what the speaker wants it to mean, or so it seems.
It will all depend on what the lawyers at Chevron decide to begin with.
Repsol is now MORE profitable.
Jul 27th, 2013 - 01:51 pm - Link - Report abuse 0HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Spain, get over it.
Jul 27th, 2013 - 03:11 pm - Link - Report abuse 0Tobi, Please explain your statement, Repsol had $10B in assets stolen from them, which is against Int'l law and many many contract, trade agreements, treaties that Argentina has signed.
Jul 27th, 2013 - 04:38 pm - Link - Report abuse 0So why don't you think they deserve to be compensated?
Obviously they were doing a bang up job since the RG YPF has had HUGE decreases in production since they've taken over.
So please enlighten us
@3 Unfortunately, the argie constitution requires that “expropriation” should be “previously compensated”. Has Repsol been compensated? Illegitimate, corrupt, criminal, dishonest, unconstitutional and illegal argieland.
Jul 27th, 2013 - 04:51 pm - Link - Report abuse 0Argentina is broke so it cannot compensate anyone.
Jul 27th, 2013 - 06:17 pm - Link - Report abuse 06. That is true but not an answer.
Jul 27th, 2013 - 06:35 pm - Link - Report abuse 0Not paying money you owe or not abiding by contracts or treaties is immoral.
Or don't you agree?
No I don't, since you don't find privatizing profits and socializing losses immoral (bailouts?)
Jul 27th, 2013 - 06:40 pm - Link - Report abuse 0I believe that is why your society and country has failed and will never succeed.
Jul 27th, 2013 - 07:48 pm - Link - Report abuse 0Corruption is ingrained into your soul, the very being of your society and it is rotten at its core.
The sad thing is I know you don't even understand what I am telling you.
I will repeat, if in your country you take from the poor and give to the rich, I think it's only fair that somewhere in the world some balance is sought.
Jul 27th, 2013 - 09:01 pm - Link - Report abuse 0You no nothing of my country.
Jul 27th, 2013 - 10:40 pm - Link - Report abuse 0The combination of immaturity and arrogance will be your undoing.
At least Nostrils recognises that Argentina is broke.
Jul 28th, 2013 - 01:18 am - Link - Report abuse 0Whose fault is it is the question he is too scared to ask.
Anglotino,
Jul 28th, 2013 - 01:21 am - Link - Report abuse 0I am no longer interesting in you evasive roads-to-nowhere.
It is clear you are an Anglo supremacist, fine. Just admit it and move on.
@6 If it can't compensate then it should give the assets back. The constitution is quite clear. If you can't “previously compensate” you can't “expropriate”. You can only steal.
Jul 28th, 2013 - 11:46 am - Link - Report abuse 0@8 Morality isn't relevant here.
@10 Fair to whom? If, as you suggest, the United States is taking from the poor to give to the rich, argieland should be giving to the U.S. poor.
@13 In FACT, it's clear that you are simply a weaselly apologist. Let's state it plainly. CFK is a criminal. Her theft of YPF from its owners, Repsol, proves it. You support and try to excuse what she did. That makes you complicit. In fact, anyone that supports her actions in contravention of the consitution is complicit. Anyone complicit is equally criminal. Having read many of your comments, it is clear that you are a latino supremacist. Equally, you have no morals as you twist and turn to try to show that your ethnicity is right and everyone else is wrong. YOU ARE A CRIMINAL. Just admit it and move on!
The law is quite clear on this matter.
Jul 28th, 2013 - 09:49 pm - Link - Report abuse 0Get the f**k out of South America and do your vulturing somewhere else.
There is no way it can be misinterpreted.
Countries and later Companies have been making huge profits on South American raw materials for generations and now they want recompensation when being kicked out? Let them pack their bags and take their papers with them, the signed ones too, yes.
Or send back what was stolen from South America and we have an agreement.
Nostrils
Jul 28th, 2013 - 11:06 pm - Link - Report abuse 0How in your warped sense of logic work out that I am “an Anglo supremacist”.
Just because you have descended to the cesspit of racism and hate that you claim to loath so much doesn't mean others have.
Your country is being ruined by your OWN government. No one else. It is your fault.
I regularly praise non-Anglo countries such as Chile, Paraguay, Colombia and Mexico. How does that gel with being an Anglo supremacist?
I live in a country that is more multicultural than any other country in South America. I live with a Colombian and my ex partner was Chilean.
You resort to STUPID comments because you have no comeback. Your posts have changed over the past 6 months because even you can clearly see the effects government policies are having on your own standard of living and those around you.
You can highlight every single fault you can find in foreign countries but it doesn't change the facts on the ground in Argentina. The desperation of your government is growing because the long term effects of their policies are manifesting more and more. Therefore they have to take even more unorthodox decisions.
The recent wage increases aren't good news because hey are a result of inflation that the government lies about. Crowing about trade surpluses every single month is because your country is so broke that it has maximised exports to the detriment of investment.
If you think there is some nirvana awaiting Argentina when its government debt reaches 0% then you are in for a rude shock because to get to that goal, the Argentine government will have decimated its infrastructure and production capabilities and will be nothing more than a low income farming country that exports people along with soy.
You think the world is against Argentina. But it isn't. It just doesn't care about. You are just one of 200 odd countries on this planet and the world will go on without you partaking or involving yourself.
You as an individual are so lost it's pathetic!
The Argylanders like their labels from pirates to imperialists to colonialists to usurpers to apartheid to Anglo supremacists to implanted population to vultures to turnips. Against all that the Brits deploy just two words and it blows them all away - Self Determination - you cannot beat it.
Jul 29th, 2013 - 07:42 am - Link - Report abuse 0I agree the world would go on without us. What you can't accept Anglotino is that Argentina goes own even as it has alienated all your own precious countries, since you always had been fed the fairy tale that without the UK, Australia, USA, Spain, Germany, France, China, Brazil, Chile, etc... Argentina would simply vanish.
Jul 29th, 2013 - 03:22 pm - Link - Report abuse 0Sure if we alienate the entire world that might be a problem, but your individual countries could dissappear tomorrow and it would not affect us either. Two-way street.
So don't feel like you are that much more important.
@18
Jul 29th, 2013 - 06:54 pm - Link - Report abuse 0Well, if it is left to TMBOA and Gollum you will have N. Korea, Iran ans some other fantastically unimportant countries like Cuba and lip service from the rest of SA.
Chris, I have thought for a long time that Venezuela's model was the near term outcome of CFKs policies but I think you are right and it is Cuba is the more likely outcome. As Commodities (grains for Arg) come back from their super highs it will be like Cuba and Sugar, once highly priced export now they can't even supply themselves. No imports, failing infrastructure, lazy corrupt society, yeah it is Cuba.
Jul 30th, 2013 - 08:51 am - Link - Report abuse 0Yikes
Why invest in a Third World toilet!!?? Invest in The USA/Canada/ but not
Jul 30th, 2013 - 10:56 am - Link - Report abuse 0in South America..be smart!!
@20 well, Cuba was the goal the Peronists with ideals had in mind for a long time.
Jul 31st, 2013 - 06:10 pm - Link - Report abuse 0Commenting for this story is now closed.
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