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Cristina goes for it: proposes expropriation of 51% of YPF oil company

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.
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See more about: President Cristina

Oil as a Public Good: Coming to Argentina

News : Truthdig (3 years ago)

Argentine President Cristina Fernandez has infuriated Spanish oil barons by proposing a bill that would recover a majority share of a petroleum company from a foreign firm that has owned it since the early ’90s. Yacimientos Petrolíf... Read Post

Argentina’s Kirchner defies world

Business & Finance : Business Report (3 years ago)

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

Business press struggles with the YPF story

US Politics / Liberal : The Blue Voice (3 years ago)

I'm fascinated to see how the business press is reacting to Argentine President Cristina Fernández' proposal to take control of 51% of the YPF oil company, which is currently controlled by the Spanish-based multinational Repsol. Arg... Read Post

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