Argentina: YPF to disclose deal with Chevron on court order

BUENOS AIRES, Argentina (AP) " Argentina's state-run YPF energy company says it will disclose clauses of an investment deal with U.S.-based Chevron Corp. to produce oil and gas by hydraulic fracturing in one of the world's largest shale deposits.

The decision announced by YPF on Wednesday seeks to end a three-year legal fight over the deal for the Vaca Muerta deposit in southern Argentina.

YPF says its lawyers will turn in a copy of the contract to a local court Thursday.

It follows a 2013 request by a local lawmaker who alleged that the deal had secret clauses after YPF refused to disclose environmental and other information on the project.

Argentina's Supreme Court and a federal appellate court ordered YPF to release all of the contract's provisions.

This story has been automatically published from the Associated Press wire which uses US spellings

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production bpcf05 at 26 Sep 2016 03:44:00 Processing Time: 36ms