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
Presidency of Cristina Fernández de Kirchner 2009 revealed an increase in their personal assets by 7 times, since Néstor Kirchner's 2003 inaugural. The increase was partly the product of land deals in El Calafate, a scenic, Santa Cruz Province town where the couple has long vacationed and own property (including of land and two hotels). On October 17, 2009, President Cristina Fernández proposed the compulsory submission of DNA samples in cases related to crimes against humanity, in a move lauded by the Grandmothers of the Plaza de Mayo, but excoriated by opposition figures as a political move against Clarín Media Group Chairperson Ernestina Herrera de Noble,