Chevron: Embargo of Argentine assets is illegal

11/7/2012 | Reuters

As much as $19 billion worth of Chevron's properties in Argentina were embargoed by an Argentine judge in response to an environmental damages case in Ecuador, said Enrique Bruchou, a lawyer representing the plaintiffs. Subsidiaries carry out Chevron's operations in Argentina. "Plaintiffs' lawyers have no legal right to embargo subsidiary assets in Argentina and should not be allowed to disrupt Argentina's pursuit of its important energy resources," the company said.

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