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%
Cristina Fernández de Kirchner ended his term of office in 1999 and was replaced by Fernando de la Rúa. Kirchner took part in a commission to investigate money laundering with fellow legislator Elisa Carrió, and got into conflicts with her. She ran again for senator in the 2001 midterm elections. Néstor Kirchner was elected president in 2003, and Cristina became the First Lady. Under these circumstances, she sought a lower profile in Congress. Néstor Kirchner had a political dispute with the previous president, Eduardo Duhalde. Their dispute continued during the 2005 midterm elections. Without consensus in the PJ for a single candidate for senator