Repsol year. Electricity supply points in Spain kept steady with 2012 levels, at 3,772,000. Electricity effectively supplied decreased 3% from 2012 to 2013, to 32,766 GWh, mainly because of more clement weather conditions. In May 2012, the Argentine president Cristina Fernández de Kirchner, proposed the expropriation of 51% of Repsol’s shares in YPF. The Republic of Argentina's Yacimientos Petrolíferos Fiscales Act that was passed that summer made officially possible the expropriation of Repsol's shares. Repsol went to various international bodies to pursue legal action directly after losing its shares of YPF. The expropriation was an attempt by the Argentine government to
Repsol gas exploration and production activity is Repsol's main growth driver. Repsol has become a world leader in exploration, with over 40 finds since 2008. To guarantee this activity in the long term, in 2013 Repsol incorporated 65 exploration blocks, mainly in the United States (44 blocks) and Norway (6 blocks), into its mining holdings. The 2013 net production reached 346,000 barrels of oil equivalent per day, up pm of 4% compared to 2012. Downstream activity involves the supply and trading of crude and products, oil refining, petroleum product marketing (Marketing), distribution and marketing of Liquefied Petroleum Gas (LPG), production and