Enarsa Enarsa ENARSA, in full Energía Argentina Sociedad Anónima, is a state owned company in Argentina. It is engaged in for the exploitation of petroleum and natural gas, and the production, industrialization, transport and trade of these and of electricity. Enarsa was founded on December 29, 2004, by an initiative of President Néstor Kirchner. The initiative had the political goal of reinserting the state in an oligopolic market that was completely privatized during the Menem administration in the 1990s; these privatizations included the state oil firm YPF to the Spanish corporation Repsol, as well as its sister company, "Gas del Estado",
Cristina Fernández de Kirchner opted instead to send a bill to Congress for the renationalization of YPF, privatized in 1993, blaming the Spanish company Repsol for the energy trade deficit. The bill was approved by the Chamber of Deputies by a 207-32 margin. It was criticized as an authoritarian move, as there was no negotiation with Repsol. As well, the Vaca Muerta oil field had been discovered by this time. However, YPF was unable to afford the costs to exploit the oil at the site, and the rights to drill at Vaca Muerta were sold to the Chevron Corporation. The costs of energy imports