Enarsa Enarsa ENARSA, in full Energía Argentina Sociedad Anónima, is a state owned company in Argentina. It is engaged in for the exploitation of petroleum and natural gas, and the production, industrialization, transport and trade of these and of electricity. Enarsa was founded on December 29, 2004, by an initiative of President Néstor Kirchner. The initiative had the political goal of reinserting the state in an oligopolic market that was completely privatized during the Menem administration in the 1990s; these privatizations included the state oil firm YPF to the Spanish corporation Repsol, as well as its sister company, "Gas del Estado",
YPF provinces subsequently revoked YPF leases representing a fifth of its oil production. Citing Brazilian oil giant Petrobras as an example, the president announced the introduction of a bill on 16 April 2012, for the renationalization of YPF: the national government would purchase a controlling 51% share, with ten provincial governments receiving the remaining 49%. Planning Minister Julio de Vido was appointed to head the Federal intervention, replacing CEO Sebastián Eskenazi. Repsol YPF CEO Antonio Brufau, Spanish Prime Minister Mariano Rajoy, and other Spanish officials objected to the nationalisation, accusing the Argentine government of driving down YPF shares ahead of the