Nationalization of oil supplies In April 2010, Argentina's president Cristina Fernández de Kirchner introduced a bill on April 16, 2012, for the expropriation 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%. Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries, and declines in output at the firm represented 54% of the nation's lost oil production and 97% in the case of natural gas. Market analysts and Repsol blamed the decline
Cristina Fernández de Kirchner singing the Argentine national anthem. The city police estimated that the demonstration was attended by 400,000 people. Several scandals took place during the Kirchner administration. The first involved the detention of Venezuelan-American businessman Antonini Wilson in an airport after being found with a suitcase filled with $800,000. This money was illegally provided by Petróleos de Venezuela, the state oil company, to be used for Kirchner's 2007 general election campaign. Details of the case were explained by businessman Carlos Kauffmann and lawyer Moisés Maiónica, who pleaded guilty. The FPV financing of the 2007 elections caused another scandal years later. Three pharmaceutical