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
Presidency of Cristina Fernández de Kirchner Moyano claimed the denial to transfer funds was to harm Scioli's image, as Scioli has the highest rate of approval of any governor in the nation. Several other political scandals came to light in 2012, such as the liberation of sentenced prisoners for government-organized demonstrations, political advocacy of The Cámpora at elementary and high schools, and the creation of paramilitary units in Jujuy, led by Milagro Sala. More than 200,000 people in many cities of the country took part in a protest against Kirchner in September 2012; the protest was followed by a protest of the gendarmeria and another of