A New York Times piece published on Thursday regarding the agreement between Argentine nationalized oil and gas company YPF with California based Chevron has triggered a strong controversy in Argentina because of an alleged secret clause in the commercial document. Read full article
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If you are going to sup with the Devil, use a very long spoon.Oct 25th, 2013 - 11:03 am - Link - Report abuse 0
Argentina really, really needs that oil.Oct 25th, 2013 - 12:04 pm - Link - Report abuse 0
Both of the above are trueOct 25th, 2013 - 12:28 pm - Link - Report abuse 0
Trouble in northern-fiend's paradiseOct 25th, 2013 - 01:00 pm - Link - Report abuse 0
Smacks very much of desperation.Oct 25th, 2013 - 02:02 pm - Link - Report abuse 0
4. I wonder if these countries accusing the USA of spying understand how stupid and weak they look?Oct 25th, 2013 - 02:19 pm - Link - Report abuse 0
It is our job to spy their job to thwart us.
Anyway they are all in effect client-states so it doesn't matter what they say or if their feelings get hurt.
Chevron had them over a barrel by the look of it.Oct 25th, 2013 - 02:44 pm - Link - Report abuse 0
Every government supporter always complains that, during the Menen era, the government did deals where the sold off future rights in critical industries for peanuts. Well, they don't learn do they. They have done exactly the same thing now...Oct 25th, 2013 - 03:19 pm - Link - Report abuse 0
There had to be a firm but hidden agreement like this after the Repsol debacle.Oct 25th, 2013 - 04:25 pm - Link - Report abuse 0
But both Chevron AND 'Argentina' were over barrels
- Chevron, with regard to her 'sequestered' assets in Argentina in the case brought to law by 'Ecuador'; and
- Argentina for reasons that need no further development.
As Patagonia is so close to the Falkland Islands, it is clearly UK sovereign territory.Oct 27th, 2013 - 07:37 am - Link - Report abuse 0
Have you guys seen the figures for energy reserves in Argentina?massive!Oct 27th, 2013 - 10:39 am - Link - Report abuse 0
add to that those of Brazil ,Venezuela,and the new refinery on the PACIFIC( to service Asia) in Ecuador,serviced by the transcontinental pipeline.
20 years from now S.A. will be the energy centre of the world.
The only fly in the ointment is politics,but given sensible results in the next round of elections, I know where my pensions funds are going(maybe not in Argentina though,have to think very carefully about that)