Neuquen legislature approves YPF/Chevron deal to exploit Vaca Muerta shale reserves

Thursday, August 29th 2013 - 03:39 UTC

Full article 9 comments

The Argentine Patagonian province of Neuquén legislature approved by a comfortable majority the agreement struck between YPF and Chevron to exploit the Vaca Muerta shale gas reserves, after a day disrupted by fierce protests outside the provincial parliament. Read full article

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Anglotino
Great news.

I expect El Think de Chubut to give me weekly updates on the progress of every action taken by these companies and also a running tally of the share price from this date forward.
Aug 29th, 2013 - 04:45 am - Link - Report abuse 0
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Optimus_Princeps
So they show that they have police force when it's in their best interest, but they can't protect people in their daily lives. Still, the police force is pretty incompetent.
Aug 29th, 2013 - 07:24 am - Link - Report abuse 0
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Condorito
How did the Yanqui imperialists and oligarchs get in on the act?
I though that YPF was nationalised precisely to keep them out.
Aug 29th, 2013 - 08:58 am - Link - Report abuse 0
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Anglotino
Condorito

That was the left hand!

Keep watching the left hand!

Don't take aaaannyyy notice of what the right hand is doing!

Now if you can do that..... we might just make an Argentinean out of you yet.
Aug 29th, 2013 - 09:04 am - Link - Report abuse 0
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Simon68
This is probably the most embarrassing thing to have happened to my province.

The agreement with Chevron is the most disgusting piece of thievery, let us just look at what happened:

1) Repsol explores and discovers the Vaca Muerta oil and gas fields.

2) CFK steals YPF from Repsol without compensation.

3) An Argentine judge, at the request of Ecuador, embargoes U$S19 billion of Chevron´s assets in Argentina.

4) YPF makes a deal with Chevron with all the benefits that Argentina denied to Repsol.

5) The Supreme Court overturns the embargoe on Chevron's Argentine assets.

6) The secret clauses in the law could, conceivably, allow Chevron to repatriate it's Argentine assets thus securing U$S19 billions for an investment of U$S1.24 billions!!!!!!!!!!!!!

Among the many dirty pieces of business this government has done, such as with Barick Gold, this one really stinks!!!!!!!!!!
Aug 29th, 2013 - 09:15 am - Link - Report abuse 0
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reality check
Damn! riot shileds, rubber bullets and tear gas!

Anyone think they will make an appearance at the anti fracking demos in the UK!

I wish!

LMAO.
Aug 29th, 2013 - 04:18 pm - Link - Report abuse 0
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ChrisR
6 reality check

You beat me to it.

https://www.youtube.com/watch?v=ZdHI3LrAYiE

If you want to see HD photos from CLARIN about the riots:

https://www.youtube.com/watch?v=ZdHI3LrAYiE

TMBOA, what would we laugh at without her!
Aug 29th, 2013 - 04:54 pm - Link - Report abuse 0
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Conqueror
Watch this. Democracy in action. Fierce protests. And the crims went ahead and did it anyway. Simon, don't know how you stand it. Suggestion: Get yourself a sniper rifle. Use the “Spanish option”. Executive action! Doesn't have to be legal. You just have to get away with it!
Aug 29th, 2013 - 05:00 pm - Link - Report abuse 0
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Welsh Wizard
@5

Little brother-in-law was there as he is very much against this shameful deal. From what I hear it wasn't rubber bullets, they were real. He is not someone prone to exaggeration.
Aug 30th, 2013 - 10:38 am - Link - Report abuse 0
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