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
Presidency of Cristina Fernández de Kirchner stymy minor parties and the formation of new ones. Following charges of embezzlement filed by a local attorney, Enrique Piragini, on October 29, Federal Judge Norberto Oyarbide ordered an accounting expert to investigate the origin of the Kirchners’ wealth. Public records show that since their arrival to power in 2003, the declared assets of Cristina and Néstor Kirchner have increased by 572%. A preliminary report on the investigation by the Argentine Anti Corruption Office (OA) established that the official figures provided by the Kirchners "don't stack up". The investigation was suspended by Judge Oyarbide on December 30, though a week