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 the chamber of deputies, including the number of legislators needed for quorum. The Kirchners had lost that majority in the 2009 elections. She invited children on stage during the celebrations, and Vice President Amado Boudou played an electric guitar. As she had in 2007, she gave a conciliatory speech. When she first took office, Cristina Kirchner replaced the previous minister of economy, Miguel Gustavo Peirano, who had been appointed by her husband as former president. Peirano was succeeded by Martín Lousteau in December 2007. He served as the first of several ministers of economy under her presidency. The attempt to