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 seized materials. Kirchner blamed the whole country for the 2014 default, ruled by US judge Thomas P. Griesa. She said in a "cadena nacional" ("national network") address that the US may be trying to oust her from power, or even assassinate her. She said this a few days after accusing the Islamic State of Iraq and the Levant of similar assassination plans against her. The idea was rejected by opposition leader Elisa Carrió as a mere conspiracy theory. The 30th anniversary of the Falklands War took place in 2012, and Kirchner increased the anti-British sentiment in her rhetoric, reiterating the