Argentina nationalizes subsidiary of Spanish oil company Repsol

Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.On April 16, the administration of Argentine President Cristina Fernández de Kirchner decided that the state should retake control of its oil industry, transferred in the 1990s to the Spanish multinational Repsol. The executive sent Congress a bill proposing the expropriation of 51% of the oil company's shares. Before being acquired by the Spaniards, the company was known as Yacimientos Petrolíferos Fiscales (YPF) and was then renamed Repsol YPF