Nationalization of oil supplies In April 2010, Argentina's president Cristina Fernández de Kirchner introduced a bill on April 16, 2012, for the expropriation 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%. Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries, and declines in output at the firm represented 54% of the nation's lost oil production and 97% in the case of natural gas. Market analysts and Repsol blamed the decline
Presidency of Cristina Fernández de Kirchner stymy minor parties and the formation of new ones. Following charges of embezzlement filed by a local attorney, Enrique Piragini, on October 29, Federal Judge Norberto Oyarbide ordered an accounting expert to investigate the origin of the Kirchners’ wealth. Public records show that since their arrival to power in 2003, the declared assets of Cristina and Néstor Kirchner have increased by 572%. A preliminary report on the investigation by the Argentine Anti Corruption Office (OA) established that the official figures provided by the Kirchners "don't stack up". The investigation was suspended by Judge Oyarbide on December 30, though a week