YPF military coup against Yrigoyen backed by, among others, foreign oil interests. YPF was privatized in 1993 and bought by the Spanish firm Repsol S.A. in 1999; the resulting merger produced 'Repsol YPF'. The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner. The government of Argentina eventually agreed to pay $5 billion compensation to Repsol. The company, specializing in the exploration, production, refining and commercialization of petroleum, had its origin in 1907, when oil was discovered near the city of Comodoro Rivadavia in Chubut. Following World War I, oil had become an important
Néstor Kirchner Cristina Kirchner's popularity increased greatly. As a result, she won the reelection in the 2011 general elections by a landslide. The "Relato K" built a cult of personality around the figure of Kirchner. While in office, Cristina Kirchner avoided referring to him by name, and talked instead about "He" or "Him", with emphasis on the pronoun and with a universally capitalized form. As in the English language, in the Spanish language this figure of speech is usually reserved to make reference to God. Kirchner was also compared with San Martín, in an attempt to raise him to a similar status