Argentina–Spain relations were made declassified and stated that Prime Minister Margaret Thatcher feared that during the Falkland war, Spain would join Argentina by invading Gibraltar. A dispute arose in 2012, when Argentina sought to nationalize the energy company YPF, owned by the Spanish multinational company Repsol. Spain warned against such a move stating that it would harm bilateral relations if such a move were to happen. On 16 April, Argentina's President Cristina Fernández de Kirchner announced the nationalization of YPF, to which Spain warned of a "clear and decisive" response. Since then, Argentina has recompensed the Spanish government and Repsol over the
China National Offshore Oil Corporation China National Offshore Oil Corporation China National Offshore Oil Corporation, or CNOOC Group (Chinese: 中国海洋石油总公司 Pinyin: "Zhōngguó Háiyáng Shíyóu Zǒnggōngsī"), is a major national oil company in China. It is the third-largest national oil company in the People's Republic of China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec). The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China. The company is owned by the government of the People's Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder