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%
Presidency of Cristina Fernández de Kirchner to an unprecedented 23%. Once recovered from the conflict with agrarian interests, Cristina Kirchner's public approval improved; her job approval ratings rose by 30% ("Poliarquía", 08/22/08). Her inflexible handling of the protests and reluctance to review the policies that sparked the protest have led to speculation that it is her husband, predecessor in office and current leader of the Justicialist Party, Néstor Kirchner, who controls her administration. The British weekly newspaper "The Economist" has described this situation as Kirchner "paying the price for her husband's pig-headedness", and as of February 2009, her job approval rating was 28%. On October 20,