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
Cristina Fernández de Kirchner seized materials. Kirchner blamed the whole country for the 2014 default, ruled by US judge Thomas P. Griesa. She said in a "cadena nacional" ("national network") address that the US may be trying to oust her from power, or even assassinate her. She said this a few days after accusing the Islamic State of Iraq and the Levant of similar assassination plans against her. The idea was rejected by opposition leader Elisa Carrió as a mere conspiracy theory. The 30th anniversary of the Falklands War took place in 2012, and Kirchner increased the anti-British sentiment in her rhetoric, reiterating the