Axel Kicillof headed by Hernán Lorenzino. After that, on November 18, 2013, Kicillof officially became Minister of Economy. Kicillof was instrumental in the renationalization of YPF. President Cristina Fernández de Kirchner named Kicillof to the post of Secretary (or Deputy Minister) for Economic Policy and Development Planning in December 2011. He took academic leave to assume this post. In this position, Kicillof oversaw the controversial 2012 nationalization of YPF, the Argentine oil company then controlled by the Spanish energy firm Repsol. It was the largest expropriation in Argentina's history. He justified this action as part of a needed reversal of the Argentinian
Argentine Grand Prix but was cancelled pre-season, leaving a 5-week gap between the opening two rounds of the 1999 championship. In February 2012, Argentine president Cristina Fernandez de Kirchner announced negotiations were coming to a close to bring the Grand Prix back to the country by 2013, this time at a street circuit to be created in the seaside resort city of Mar del Plata, scotching stories which surfaced in December 2011 that suggested a new circuit, being constructed at Zárate, was to target F1. Contracts were expected to be signed on May 2012, but this didn't happen. Bernie Ecclestone, commercial rights holder