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%
Presidency of Cristina Fernández de Kirchner owner of video cable networks, multiple TV Channels, radio stations, the main newspaper, and—through most of a decade before 2010—had a monopoly on Argentine football broadcasts: it is thus so-called opinion-former. By 2010 it was obvious to independent sources that the traditionally major news media were in a direct conflict with the government, often reporting misleading Information. In April 2008, Kirchner received a stern public rebuke from the Argentine media owners Association (Spanish: "Asociación de Entidades Periodísticas Argentinas", or ADEPA) for having publicly accused the popular cartoonist Hermenegildo Sábat of behaving like a "quasi mafioso". In addition, a government proposal