YPF military coup against Yrigoyen backed by, among others, foreign oil interests. YPF was privatized in 1993 and bought by the Spanish firm Repsol S.A. in 1999; the resulting merger produced 'Repsol YPF'. The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner. The government of Argentina eventually agreed to pay $5 billion compensation to Repsol. The company, specializing in the exploration, production, refining and commercialization of petroleum, had its origin in 1907, when oil was discovered near the city of Comodoro Rivadavia in Chubut. Following World War I, oil had become an important
Cristina Fernández de Kirchner 2007 and proposed Cristina Kirchner instead, it was rumored that the couple might attempt to run for the presidency in alternate elections, to circumvent the constitutional limit of a single re-election. The death of Néstor Kirchner in 2010 derailed such a plan. She had a low positive image, below 30%. On 21 June 2011, Cristina Kirchner announced she would run for a second term as president. A few days later, she announced that her economic minister Amado Boudou would run for vice-president on her ticket. This selection was an unexpected one, as Boudou usually acted like a rock star instead