YPF military coup against Yrigoyen backed by, among others, foreign oil interests. YPF was privatized in 1993 and bought by the Spanish firm Repsol S.A. in 1999; the resulting merger produced 'Repsol YPF'. The renationalization of 51% of the firm was initiated in 2012 by President Cristina Fernández de Kirchner. The government of Argentina eventually agreed to pay $5 billion compensation to Repsol. The company, specializing in the exploration, production, refining and commercialization of petroleum, had its origin in 1907, when oil was discovered near the city of Comodoro Rivadavia in Chubut. Following World War I, oil had become an important
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