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
Taçi Oil In 2013 Taçi Oil sold 80% of the assets of ARMO, the oil refining business to Heaney Assets Corporation, an Azerbaijan corporation. Taçi Oil Taçi Oil is an Albanian petroleum company and oil distributor in Albania headquartered in Tirana. The company's revenue for 2012 was €350 million. and had over 290 petrol stations through Albania and over 850 employees. In 2009 Taçi Oil purchased the Albanian oil refinery ARMO (Anika Mercuria Refinery Associated Oil, owned by Anika Enterprises) for €128 million. On September 9, 2011 Taci Oil became an official sponsor of AC Milan. Beginning in 2008, in fact, Taci