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 case of money laundering. According to a criminal complaint by opposition deputy Margarita Stolbizer, his company Valle Mitre S.A. has rented 1,100 rooms per month, for years, at the Hotesur and Alto Calafate hotels, but without occupying them. These hotels, located in the city of El Calafate, belong to the Kirchners. The administration of Cristina Kirchner continued the trials of military personnel involved in the Dirty War, started by her husband. There have been more than 500 people sentenced, and 1,000 convicted, in a process that was unprecedented in Latin America. De facto president Jorge Rafael Videla, who was convicted