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
Presidency of Cristina Fernández de Kirchner be trying to kill her, and later that there could be a conspiracy against her led by the US; Elisa Carrió dismissed such threats as mere conspiracy theories. In her speech, she accused the "vulture funds" of destabilizing the economy of the countries and called them "economic terrorists". In March 2010, Fernández de Kirchner made a historic trip to Peru to make amends, a country with whom relations had been adversely affected following the Carlos Menem administration's illegal sale of weapons to Ecuador in the 1990s. On 19 April, she was invited to the bicentenary of the independence celebrations in