Repsol year. Electricity supply points in Spain kept steady with 2012 levels, at 3,772,000. Electricity effectively supplied decreased 3% from 2012 to 2013, to 32,766 GWh, mainly because of more clement weather conditions. In May 2012, the Argentine president Cristina Fernández de Kirchner, proposed the expropriation of 51% of Repsol’s shares in YPF. The Republic of Argentina's Yacimientos Petrolíferos Fiscales Act that was passed that summer made officially possible the expropriation of Repsol's shares. Repsol went to various international bodies to pursue legal action directly after losing its shares of YPF. The expropriation was an attempt by the Argentine government to
Presidency of Cristina Fernández de Kirchner In March 2008, Kirchner introduced a new sliding-scale taxation system for agricultural exports, effectively raising levies on soybean exports from 35% to 44% at the time of the announcement. This led to a nationwide lockout by farming associations, starting on March 12, with the aim of forcing the government to back down on the new taxation scheme. They were joined on March 25 by thousands of pot-banging demonstrators massed around the Buenos Aires Obelisk and in front of the presidential palace. Protests extended across the country. In Buenos Aires, hours after Kirchner attacked farmers for their two-week strike and "abundant"