Repsol nationalize its oil and gas production. Results however show that the move to nationalize actually hurt oil production in Argentina. Compared to the oil production in 2011, YPF’s oil production in 2012 fell by 8%, according to data from Argentina’s Department of Energy. Repsol had the backing of the EU and the US, and both powers condemned Argentina’s move as expropriation. President Fernández claimed that the state would seize 51% of YPF. In June 2013, Repsol rejected a $5 billion proposal from Argentina to compensate for the 2012 expropriation. The proposal also would have given Repsol drilling rights to 6.4%
Cristina Fernández de Kirchner 2007 and proposed Cristina Kirchner instead, it was rumored that the couple might attempt to run for the presidency in alternate elections, to circumvent the constitutional limit of a single re-election. The death of Néstor Kirchner in 2010 derailed such a plan. She had a low positive image, below 30%. On 21 June 2011, Cristina Kirchner announced she would run for a second term as president. A few days later, she announced that her economic minister Amado Boudou would run for vice-president on her ticket. This selection was an unexpected one, as Boudou usually acted like a rock star instead