YPF, PDVSA Strike Partnership With Eye On Chevron Project

Law360, New York (June 17, 2013, 4:16 PM EDT) -- YPF SA, an Argentine oil and gas company, has formed a new partnership with Venezuela's state-run oil company Petroleos de Venezuela SA to team up on developing new energy projects, which could include a Chevron Corp.-backed offshore field, according to two Friday statements.

The companies signed a memorandum of understanding to exchange technical data and study potential new oil and gas joint venture projects in both countries. As part of the new arrangement, Venezuela said it would work to get YPF clearance to opt into the...
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