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
Presidency of Cristina Fernández de Kirchner Moyano claimed the denial to transfer funds was to harm Scioli's image, as Scioli has the highest rate of approval of any governor in the nation. Several other political scandals came to light in 2012, such as the liberation of sentenced prisoners for government-organized demonstrations, political advocacy of The Cámpora at elementary and high schools, and the creation of paramilitary units in Jujuy, led by Milagro Sala. More than 200,000 people in many cities of the country took part in a protest against Kirchner in September 2012; the protest was followed by a protest of the gendarmeria and another of