Repsol Targets Chevron Over YPF Oil Development Deal

Law360, New York (December 4, 2012, 9:05 PM EST) -- Spanish oil company Repsol SA hit Chevron Corp. with a lawsuit in New York federal court Tuesday in an effort to block its partnership with YPF SA, which was previously controlled by Repsol, to develop oil and gas resources in Argentina.

The suit is the latest development in the ongoing legal battle between Repsol and Argentina over the country's recent nationalization of YPF and ouster of the Repsol-appointed management at YPF, which it replaced with its own appointed leaders. Repsol had been the majority shareholder in...
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