YPF defends Chevron partnership; court orders investigation into accord with the US oil giant

Friday, May 16th 2014 - 09:25 UTC

Full article 7 comments

Argentine state-controlled oil company YPF on Thursday defended the partnership deal it reached with one of the world's largest energy corporations, Chevron Corp., two days after a court ordered a probe into alleged irregularities associated with the pact. Read full article

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Briton
Poor CFK,
its collapsing around her,
still,
she will be gone soon and forgotten about.
May 16th, 2014 - 10:57 am - Link - Report abuse 0
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ChrisR
Galuccio knows full well that the ONLY way other oilmen will meet with him is if he can drum up some wheeze like this.

And as for “that could end up as G12, of presidents of state owned companies” is he trying to get TMBOA at the table?

Are there 12 presidents that have state owned oil companies? I do hope not.
May 16th, 2014 - 04:37 pm - Link - Report abuse 0
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La Patria
One day CFK's government denies any notion of corruption, the next a court opens investigations into her abuse of authority involving a deal.........you couldn't make it up!
May 17th, 2014 - 01:44 am - Link - Report abuse 0
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ilsen
Argentina... going straight to hell!

Shame, imagine what it could be....
May 17th, 2014 - 04:14 am - Link - Report abuse 0
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golfcronie
The infrastructure to be put in place prior to all this drilling will cost billions of US$
Each well will require somewhere in the region of 2000 trucks of water for fracking. Unforetuneately Argentina has not got a good record for honouring contracts and committing themselves. Best get foreign investment and then say you are committing enough and nationalise it.Until Argentina shows it is trustworthy ( I don't know how they can do that yet) then they will not get the investment needed.
May 17th, 2014 - 06:08 am - Link - Report abuse 0
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paulcedron
5
the investment is already there.
that is not the problem.
the problem is to contaminate the basin.

so, all the water comes from the cuenca del río negro.
there is a lot of modular tanks to store it.
and there is a system to treat the return water.
anyway, according to some studies the risk exists.
May 20th, 2014 - 04:24 pm - Link - Report abuse 0
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ilsen
Let's wait and see. I doubt very
much there will be much progress on this in the foreseeable future.
I won't be investing.
May 21st, 2014 - 01:44 am - Link - Report abuse 0
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