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Repsol Sues Chevron Over Argentine Shale Development

Repsol SA, the Madrid-based oil and gas company, accused Chevron Corp. in a lawsuit in federal court in Manhattan of improperly obtaining rights to develop Argentine shale and natural gas resources.

In a complaint filed yesterday, Repsol accuses Chevron of getting those rights from Buenos Aires-based YPF SA in negotiations with officers appointed by Argentina’s government, which expropriated the company, not “legitimate managers” appointed by Repsol as its majority shareholder.