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%
Alicia Kirchner Alicia Kirchner Alicia Margarita Kirchner (born July 18, 1946) is an Argentine Justicialist Party politician. She is the elder sister of the late former President Néstor Kirchner and served in his government as Minister of Social Development, a role which she held under President Cristina Fernández de Kirchner, her sister-in-law, until the end of her presidential term on December 9, 2015. On December 10, 2015, she was sworn in as the governor of the Province of Santa Cruz. Kirchner worked as a teacher and social worker, holding a PhD in social work. From 1975 to 1983 she served as a