Repsol nationalize its oil and gas production. Results however show that the move to nationalize actually hurt oil production in Argentina. Compared to the oil production in 2011, YPF’s oil production in 2012 fell by 8%, according to data from Argentina’s Department of Energy. Repsol had the backing of the EU and the US, and both powers condemned Argentina’s move as expropriation. President Fernández claimed that the state would seize 51% of YPF. In June 2013, Repsol rejected a $5 billion proposal from Argentina to compensate for the 2012 expropriation. The proposal also would have given Repsol drilling rights to 6.4%
Presidency of Cristina Fernández de Kirchner W. Bush. During her stay in Washington, she held meetings with Brazilian leader Luiz Inácio Lula da Silva (at the Four Seasons Hotel in Georgetown), Madeleine Albright (representing U.S. President-elect Barack Obama), Senator Christopher Dodd and Australia's Prime Minister, Kevin Rudd at the Park Hyatt Hotel. She then attended the G20 meeting in London April 2, 2009 and was given a seat of honour at the dinner held the night before at 10 Downing Street, when she was seated across from President Obama. Also in the year 2008, Cristina Kirchner vetoed the "Law of protection of the glaciers" ( ),