Repsol-YPF tower CRIBA, a leading local contractor founded in 1952 by Alberto Tarasido. Façade and engineering was provided by Obras Metálicas S. A. On May 25, 2012, 21 days after the nationalization of YPF by the government of Cristina Fernandez de Kirchner, the YPF tower was lit in the colors of the Argentinean flag as a political statement to commemorate 202 years of self-governance. Repsol-YPF tower The YPF tower is a corporate high-rise building designed by internationally recognized architect César Pelli constructed in the Puerto Madero "barrio" (district) of Buenos Aires, Argentina. Construction began in 2005, and the office building was completed
YPF Investment in exploration at YPF as a percentage of profits had been far below those in most other Repsol subsidiaries. Market analysts and Repsol blamed the decline in exploration and production on government controls on exports and prospecting lease awards, and price controls on domestic oil and gas. Political risks and government intervention, including price controls, have discouraged foreign investment in oil production in Latin America in general. President Cristina Fernández de Kirchner raised YPF frequently in speeches during March 2012, claiming that underinvestment and excessive dividends at the firm had caused declines in output. Governors in six fossil-fuel producing