Repsol nationalize its oil and gas production. Results however show that the move to nationalize actually hurt oil production in Argentina. Compared to the oil production in 2011, YPF’s oil production in 2012 fell by 8%, according to data from Argentina’s Department of Energy. Repsol had the backing of the EU and the US, and both powers condemned Argentina’s move as expropriation. President Fernández claimed that the state would seize 51% of YPF. In June 2013, Repsol rejected a $5 billion proposal from Argentina to compensate for the 2012 expropriation. The proposal also would have given Repsol drilling rights to 6.4%
Cristina Fernández de Kirchner with Iran for a joint investigation. Nisman accused the president of signing that memorandum for oil and trade benefits, according to hundreds of hours of wiretaps. On 19 January 2015, he was found dead at his home, a day before a congressional hearing to explain his accusation, which caused a great controversy. As of 2016, both the cases of the AMIA bombing and the death of Nisman remain unresolved, and the courts declined at the time to investigate his denunciation of Kirchner. Mauricio Macri, mayor of Buenos Aires, was elected president in the 2015 presidential elections, defeating the Kirchnerite candidate