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Repsol Sues Argentina’s Bridas Over Shale Development With YPF

Repsol SA, Spain’s biggest oil company, has sued Bridas Group after the Argentine company bought rights to a $1.5 billion project to develop oil from shale fields that were expropriated from Repsol.

The lawsuit alleges the oil holding company controlled by the billionaire Bulgheroni brothers committed unlawful competition by seeking to profit from assets illegally confiscated from Repsol, according to a person familiar with the claim. The lawsuit was admitted to the Madrid Mercantile court Feb. 18 against Bridas International SA and Bridas Energy Holdings Ltd., according to court documents obtained by Bloomberg.