President Cristina's Fernandez has proposed to the Argentine Congress a law authorizing the expropriation of 51% of the YPF oil firm, currently majority-owned by the Spanish multinational Repsol: El Gobierno Nacional propuso la expropiación del 51 por ciento de YPF y declara de interés público el autoabastecimiento de combustible Página 12 16.04.2012In her message on the proposal, Cristina noted that, even though Argentina has the third-largest reserves of natural gas after China and the US, Argentina is faced with the need to import both gas and oil for the first time in 17 years.
Repsol YPF, the Spanish oil company, told the S.E.C. that it had received a number of proposals for its Argentine assets, though none of them firm offers, after reports of a bid from CNPC of China. Read Post
Argentine President Cristina Kirchner's seizing control of oil firm YPF, owned by Spain's Repsol, is part of her bid to build economic growth. ||| Argentine President Cristina Kirchner's seizing control of oil firm YPF, owned by Spa... Read Post