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Argentine President Cristina Fernandez de Kirchner shocked the global business community this week by announcing that she would essentially be nationalizing YPF, the country's dominant energy company, by having the government take a 51 percent controlling stake. Kirchner says YPF has failed to produce enough oil, even though the country is sitting on some of the world's largest reserves of oil and shale gas.
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Carlos Slim, the world's richest man, bought 8.4% of YPF, the recently nationalized Argentine oil company. Cristina Kirchner, president of Argentina and the architect of the appropriation, has gained support to bring in internationa... Read Post

The government of Argentina, claiming that a rise in oil imports is making the country "unviable," is taking control of the country's main oil producer. President Cristina Fernandez de Kirchner has announced plans to nationalize YPF... Read Post

On April 16, Argentine president Cristina Fernandez de Kirchner announced that her Argentine government would expropriate and re-nationalize YPF, an energy company operating mostly in Argentina founded by its government in the 1920s... Read Post