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 ended his term of office in 1999 and was replaced by Fernando de la Rúa. Kirchner took part in a commission to investigate money laundering with fellow legislator Elisa Carrió, and got into conflicts with her. She ran again for senator in the 2001 midterm elections. Néstor Kirchner was elected president in 2003, and Cristina became the First Lady. Under these circumstances, she sought a lower profile in Congress. Néstor Kirchner had a political dispute with the previous president, Eduardo Duhalde. Their dispute continued during the 2005 midterm elections. Without consensus in the PJ for a single candidate for senator