Renationalization of YPF Renationalization of YPF President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, 2012 for the partial renationalization 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%. The bill was overwhelmingly approved by both houses of Congress, and was signed by the president on May 5. The government of Argentina eventually agreed to pay $5 billion in compensation to Repsol, which had previously owned YPF. YPF was founded in 1922 as the first oil company
Cristina Fernández de Kirchner the chamber of deputies, including the number of legislators needed for quorum. The Kirchners had lost that majority in the 2009 elections. She invited children on stage during the celebrations, and Vice President Amado Boudou played an electric guitar. As she had in 2007, she gave a conciliatory speech. When she first took office, Cristina Kirchner replaced the previous minister of economy, Miguel Gustavo Peirano, who had been appointed by her husband as former president. Peirano was succeeded by Martín Lousteau in December 2007. He served as the first of several ministers of economy under her presidency. The attempt to