Argentina's Kirchner Faces Corruption Investigation in Chevron Fracking Deal

14 May 2014 by Local Press Report

An appeals court judge gave a green light for Argentina's President Cristina Kirchner to be investigated for abuse of authority in a major Chevron fracking deal. Local Buenos Aires lawmakers had sought the probe -- involving Chevron's fracking with state oil giant YPF at Vaca Muerta -- for alleged "abuse of power, dereliction of duty and attempted environmental damage." Though a federal prosecutor first refused the case, an appeals judge said the investigation could proceed. The US oil heavyweight and YPF just last week unveiled plans to spend another $1.6 billion to develop the Vaca Muerta shale formation for oil and gas projects.

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