Renationalization of YPF Renationalization of YPF President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, 2012 for the partial renationalization of YPF, the nation's largest energy firm. The state would purchase a 51% share, with the national government controlling 51% of this package and ten provincial governments receiving the remaining 49%. The bill was overwhelmingly approved by both houses of Congress, and was signed by the president on May 5. The government of Argentina eventually agreed to pay $5 billion in compensation to Repsol, which had previously owned YPF. YPF was founded in 1922 as the first oil company
Presidency of Cristina Fernández de Kirchner threats as mere conspiracy theories. In her speech, she accused the "vulture funds" of destabilizing the economy of the countries and called them "economic terrorists". The government promoted several new laws and law amendments, such as an overhauled civil code, hydrocarbon law and telecommunications law. Cristina Kirchner was denounced in the Hotesur scandal over a firm headed by her and her sons to manage the hotels in Calafate. She is suspected of using the hotels for money laundering. The judge Claudio Bonadio, heading the case, was in turn called for impeachment. On 14 January the federal prosecutor, Alberto Nisman, filed