Chevron primeste liber la explorarea gazelor de sist … in Argentina

Posted: June 6, 2013 in Politica si politici, Proiect "de Romania"
Tags: , , , , , , , , ,

In November last year, Argentina’s Judge Adrian Elcuj Miranda had frozen the bank accounts after Ecuador accused Texaco Inc – acquired by Chevron in 2001 – of hurting the environment as well as the lives of 30,000 people in the Lago Agrio region through its oil exploration activities.

Chevron can continue with shale development in Argentina following new ruling

 

Seven judges have signed a ruling in Argentina that revokes Judge Adrian Elcuj Miranda’s order last November according to which 40% of Chevron’s bank accounts in the country were being held in escrow, meaning that the Chevron-YPF USD 15 billion shale oil and gas venture can now proceed. YPF, or Yacimientos Petrolíferos Fiscales, is the country’s state controlled energy company.

In November last year, Argentina’s Judge Adrian Elcuj Miranda had frozen the bank accounts after Ecuador accused Texaco Inc – acquired by Chevron in 2001 – of hurting the environment as well as the lives of 30,000 people in the Lago Agrio region through its oil exploration activities.

According to Chevron spokesperson James Craig: “The decision from Argentina’s Supreme Court confirms that the Ecuadorian embargo should not have been issued in the first place.”

Last month, Ali Moshiri, president of Latin American and African operations for Chevron, had said that Argentina has the world’s second largest reservoir of unconventional oil after the US, with the highest concentration in the Vaca Muerta megafield located in the southern region of Patagonia.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s