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 allow the President to run for a third term. Several corruption scandals took place and she faced several demonstrations against her rule. She was charged for low price sales of dollar futures, "The Rout of the K-Money" scandal, and was indited for obstructing investigation into the 1994 AMIA Bombing. In 2018, she was also indicted for corruption on charges alleging that her administration had accepted bribes in exchange of public works contracts. In 2015, Argentine federal prosecutor Alberto Nisman filed a 300-page document accusing Cristina Fernandez Kirchner of covering up Iran’s role in the 1994 bombing of the AMIA Jewish