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 president, and automatically assumed the presidency on his death. The transition from Néstor Kirchner to Cristina Fernández de Kirchner was also the first time a democratic head of state was replaced by their spouse without the death of either. He remained highly influential during his wife's term, supervising the economy and leading the PJ. Their marriage has been compared with those of Juan and Eva Perón and Bill and Hillary Clinton. Media observers suspected that Mr. Kirchner stepped down as president to circumvent the term limit, swapping roles with his wife. When Néstor Kirchner refused to run for re-election in