Nationalization of oil supplies In April 2010, Argentina's president Cristina Fernández de Kirchner introduced a bill on April 16, 2012, for the expropriation 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%. Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries, and declines in output at the firm represented 54% of the nation's lost oil production and 97% in the case of natural gas. Market analysts and Repsol blamed the decline
Cristina Fernández de Kirchner president, and automatically assumed the presidency on his death. The transition from Néstor Kirchner to Cristina Fernández de Kirchner was also the first time a democratic head of state was replaced by their spouse without the death of either. He remained highly influential during his wife's term, supervising the economy and leading the PJ. Their marriage has been compared with those of Juan and Eva Perón and Bill and Hillary Clinton. Media observers suspected that Mr. Kirchner stepped down as president to circumvent the term limit, swapping roles with his wife. When Néstor Kirchner refused to run for re-election in