Renationalization of YPF Renationalization of YPF President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, 2012 for the partial renationalization of YPF, the nation's largest energy firm. The state would purchase a 51% share, with the national government controlling 51% of this package and ten provincial governments receiving the remaining 49%. The bill was overwhelmingly approved by both houses of Congress, and was signed by the president on May 5. The government of Argentina eventually agreed to pay $5 billion in compensation to Repsol, which had previously owned YPF. YPF was founded in 1922 as the first oil company
Cristina Fernández de Kirchner with high treason. However, as a sitting senator, she enjoyed immunity from prosecution. On 5 March 2018, Fernández was indicted for obstructing investigation into the 1994 AMIA Bombing which killed 85 people, with Fernández allegedly making a deal with the Iranian government to stop investigating Iranian officials who may be involved in the attack in exchange for better prices on Iranian oil and other products. Fernández can still face trial despite her immunity, while legislators also have the choice to strip her of immunity. Both Kirchner and her former minister Florencio Randazzo wanted to run for senator for the Buenos