UNEN party pre-candidates Fernando “Pino” Solanas and Fernanda Reyes filed an injunction against the agreement between YPF and US oil giant Chevron, at the Appeals Chamber of Buenos Aires.
Both opposition members hope the court will finally declare the unconstitutionality of the pact.
“The deal with Chevron violates the Hydrocarbons law. Nobody knows the clauses of the contract, and even the grant was not discussed in Congress. Those are the kind of insulting actions that Kirchnerism has us used to experimenting”, stated Solanas through a media release.
In addition, they requested the annulment of the executive order signed by President Cristina Fernández de Kirchner, which consists of economic benefits for the oil companies that want to invest in the country.
“We asked the Energy Minister to show us the agreement but he’s not answering. That’s why we presented the suspension of this executive order”, said Reyes.
Last month, the national government signed a deal with Chevron to exploit “Vaca Muerta”, a shale oil and gas field, located in the province of Neuquén.
The investment is estimated in 1.500 million dollars, most of it contributed by Chevron, and includes the drilling of 1500 wells until 2017.
YPF is under state control since May 2012, when Fernández de Kirchner announced the expropriation of 51% of stocks from Spanish oil company Repsol.
Source: Buenos Aires Herald