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
Cristina Fernández de Kirchner for a time, and Venezuela was incorporated into the Mercosur. She maintained her support of Venezuela even during the large 2014 Venezuela protests and the imprisonment of its leader, Leopoldo López. Kirchner had a rocky relationship with the United States. Several items from a US air force plane, such as drugs and GPS devices, were seized by Argentine officials, which caused a diplomatic crisis. US State Department spokesman Philip J. Crowley said that they were standard tools used in counter-terrorism tactics which were being taught to the Argentine police during the joint operation, and asked for the return of the