Renationalization of YPF Renationalization of YPF President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, 2012 for the partial renationalization 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%. The bill was overwhelmingly approved by both houses of Congress, and was signed by the president on May 5. The government of Argentina eventually agreed to pay $5 billion in compensation to Repsol, which had previously owned YPF. YPF was founded in 1922 as the first oil company
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