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Ecuador: Enforcement of Chevron Fine Suspended

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An international arbitration tribunal has ordered Ecuador to suspend enforcement of an $18.2bn judgement registered against Chevron. The tribunal, convened under the U.S.-Ecuador Bilateral Investment Treatyand administered at the Hague, is considering claims made by the U.S. oil major that Ecuador's prosecution was carried out unlawfully.

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Argentina: IAE Warns of Energy Shortage

Argentina's Energy Institute, the IAE, has warned that the country faces an "unprecedented energy crisis" as falling production and rising demand leads to the loss of self-sufficiency. The institute, which is made up of former energy ministers, criticised the lack of long-term policy planning for the Energy, "a total lack of planned strategy and an inadequate implementation of serious policies."

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