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
Mario Montoto has not been as friendly as his relationships with former Defense Ministers José Pampuro and Arturo Puricelli, and that, by the same token, he is not as close to Cristina Fernandez de Kirchner as he was to Menem and Nestor Kirchner. Montoto and Daniel Hadad founded Global View in March 2008 as a subsidiary of Comesur. It has provided video surveillance to several Argentine municipalities, including the city of Buenos Aires, Mar del Plata, La Plata, Tiger, Lomas de Zamora, and Rosario. In February 2012, the Japanese NEC Corporation bought 85% of Global View. Montoto retained 15% of the firm