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
Mario Montoto has not been as friendly as his relationships with former Defense Ministers José Pampuro and Arturo Puricelli, and that, by the same token, he is not as close to Cristina Fernandez de Kirchner as he was to Menem and Nestor Kirchner. Montoto and Daniel Hadad founded Global View in March 2008 as a subsidiary of Comesur. It has provided video surveillance to several Argentine municipalities, including the city of Buenos Aires, Mar del Plata, La Plata, Tiger, Lomas de Zamora, and Rosario. In February 2012, the Japanese NEC Corporation bought 85% of Global View. Montoto retained 15% of the firm