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 singing the Argentine national anthem. The city police estimated that the demonstration was attended by 400,000 people. Several scandals took place during the Kirchner administration. The first involved the detention of Venezuelan-American businessman Antonini Wilson in an airport after being found with a suitcase filled with $800,000. This money was illegally provided by Petróleos de Venezuela, the state oil company, to be used for Kirchner's 2007 general election campaign. Details of the case were explained by businessman Carlos Kauffmann and lawyer Moisés Maiónica, who pleaded guilty. The FPV financing of the 2007 elections caused another scandal years later. Three pharmaceutical