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%
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