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Chevron Argentina Says Victim of Fraud, Seeks Lifting of Embargo

The Argentine unit of Chevron Corp. asked local courts to revoke an embargo of its assets in the country related to a $19 billion award over pollution in Ecuador, saying the ruling affects local operations.

“Chevron Argentina is victim of a fraud,” the company said in a paid statement published in newspapers Clarin and La Nacion today. “Chevron Argentina has never had operations in Ecuador and has no relation with the fraudulent trial in Ecuador.”