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 allow the President to run for a third term. Several corruption scandals took place and she faced several demonstrations against her rule. She was charged for low price sales of dollar futures, "The Rout of the K-Money" scandal, and was indited for obstructing investigation into the 1994 AMIA Bombing. In 2018, she was also indicted for corruption on charges alleging that her administration had accepted bribes in exchange of public works contracts. In 2015, Argentine federal prosecutor Alberto Nisman filed a 300-page document accusing Cristina Fernandez Kirchner of covering up Iran’s role in the 1994 bombing of the AMIA Jewish