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Citing absence of Chevron’s assets in the country, Argentina’s appeals court has dismissed the Ecuadorian ruling against Chevron. The case dates back to 2011 when Chevron was accused of polluting the Amazon region due to crude oil production, and the Lago Agrio court in Ecuador fined Chevron with a $9.5b compensation fee. The judgment of Argentina’s court will dismiss the enforcement of Ecuadorian judgment against Chevron Argentina.
