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%
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