As reported by the Buenos Aires Herald on December 1, 2013, a final deal between Repsol and YPF is likely before the end of the year. Repsol’s board unanimously agreed to start talks on the preliminary agreement proposed by Argentina to settle the 18-month standoff. If the deal is approved, it could start an increase in international investment in Argentina’s vast Vaca Muerta shale oil formation. Executives from Mexico’s Pemex have been instrumental in defusing the dispute and have talked informally about participating in the Vaca Muerta venture.a>
Balas 2013 Proceedings
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On Friday, May 23, 2014 – OilVoice reported that Repsol has completed the sale process of its assets in Argentina. From this sale of Argentinean bonds, Repsol has obtained a total of $4.99 billion in compensation for the expropriation. This extinguishes the $5 billion debt recognized by Argentina.