YPF military coup against Yrigoyen backed by, among others, foreign oil interests. YPF was privatized in 1993 and bought by the Spanish firm Repsol S.A. in 1999; the resulting merger produced 'Repsol YPF'. The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner. The government of Argentina eventually agreed to pay $5 billion compensation to Repsol. The company, specializing in the exploration, production, refining and commercialization of petroleum, had its origin in 1907, when oil was discovered near the city of Comodoro Rivadavia in Chubut. Following World War I, oil had become an important
Cristina Fernández de Kirchner incoming one. Cristina Kirchner faced several charges in court after leaving office. One of those concerned the sale of dollar futures at very low prices near the end of her term of office. This became a problem during Macri's presidency. The operation was carried out by the Central Bank, but judge Claudio Bonadio believes Kirchner is the instigator. Kirchner is also being investigated for her role in "The Route of the K-Money" scandal. About US$1 million of her assets was frozen while Bonadio investigated the case. She took advantage of the hearing to organize her first political rally since leaving