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 opposed to the Kirchners. The Kirchners lost the majority of Congress as a result of the election. The Front for Victory recovered the majority in both chambers of the Congress during the 2011 presidential elections, when Cristina Kirchner was re-elected for a second term. The party had projects to amend the constitution and allow indefinite reelections, but lacked the supermajority required for it. A victory at the 2013 midterm elections would have given such majority, but the party was defeated in most provinces. Sergio Massa, a former cabinet minister of the Kirchners, won in the Buenos Aires Province by nearly