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 for a time, and Venezuela was incorporated into the Mercosur. She maintained her support of Venezuela even during the large 2014 Venezuela protests and the imprisonment of its leader, Leopoldo López. Kirchner had a rocky relationship with the United States. Several items from a US air force plane, such as drugs and GPS devices, were seized by Argentine officials, which caused a diplomatic crisis. US State Department spokesman Philip J. Crowley said that they were standard tools used in counter-terrorism tactics which were being taught to the Argentine police during the joint operation, and asked for the return of the