Cristina Fernández de Kirchner the twelve ministers appointed, seven had been ministers in Néstor Kirchner's government, while the other five took office for the first time. The selections anticipated the continuation of the policies implemented by Néstor Kirchner. She began a four-year term on 10 December 2007, facing challenges including: inflation, poor public security, international credibility, a faulty energy infrastructure, and protests from the agricultural sectors over an increase of nearly 30% on export taxes. Kirchner was the second female president of Argentina, after Isabel Martínez de Perón but, unlike Perón, was elected to the office, whereas Isabel Perón was elected Juan Perón's vice
Repsol of the massive Vaca Muerta shale-gas field. The board of the Repsol firm unanimously rejected this offer, as it would have caused them to drop a $10.5 billion lawsuit that was in progress against the Argentine government. Repsol at the time owned 6.4% of the YPF oil-and-gas company. On 25 February 2014 the Repsol board announced it had accepted a settlement offer from the Argentine government of an issue of Argentine bonds valued at $5 billion. The deal concluded after 3 months of negotiations in Buenos Aires was subject to shareholder approval. The agreement ended two years of legal wrangling