Repsol-YPF tower CRIBA, a leading local contractor founded in 1952 by Alberto Tarasido. Façade and engineering was provided by Obras Metálicas S. A. On May 25, 2012, 21 days after the nationalization of YPF by the government of Cristina Fernandez de Kirchner, the YPF tower was lit in the colors of the Argentinean flag as a political statement to commemorate 202 years of self-governance. Repsol-YPF tower The YPF tower is a corporate high-rise building designed by internationally recognized architect César Pelli constructed in the Puerto Madero "barrio" (district) of Buenos Aires, Argentina. Construction began in 2005, and the office building was completed
Cristina Fernández de Kirchner opted instead to send a bill to Congress for the renationalization of YPF, privatized in 1993, blaming the Spanish company Repsol for the energy trade deficit. The bill was approved by the Chamber of Deputies by a 207-32 margin. It was criticized as an authoritarian move, as there was no negotiation with Repsol. As well, the Vaca Muerta oil field had been discovered by this time. However, YPF was unable to afford the costs to exploit the oil at the site, and the rights to drill at Vaca Muerta were sold to the Chevron Corporation. The costs of energy imports