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
Taçi Oil In 2013 Taçi Oil sold 80% of the assets of ARMO, the oil refining business to Heaney Assets Corporation, an Azerbaijan corporation. Taçi Oil Taçi Oil is an Albanian petroleum company and oil distributor in Albania headquartered in Tirana. The company's revenue for 2012 was €350 million. and had over 290 petrol stations through Albania and over 850 employees. In 2009 Taçi Oil purchased the Albanian oil refinery ARMO (Anika Mercuria Refinery Associated Oil, owned by Anika Enterprises) for €128 million. On September 9, 2011 Taci Oil became an official sponsor of AC Milan. Beginning in 2008, in fact, Taci