Cristina Fernández de Kirchner the bill, which was then rejected, saying that: "My vote is not in favor, my vote is against". Despite the chilly relations between Cobos and Cristina Kirchner since that event, he completed his term as vice president. Kirchner was reelected in 2011. The Constitution of Argentina allows only one reelection. Many of her supporters proposed an amendment to the Constitution to allow indefinite reelections. Kirchner did not publicly support the proposal, but did not discourage or reject it either. The proposal was not taken to the Congress, as the FPV still lacked the required two-thirds majority to approve an amendment
YPF provinces subsequently revoked YPF leases representing a fifth of its oil production. Citing Brazilian oil giant Petrobras as an example, the president announced the introduction of a bill on 16 April 2012, for the renationalization of YPF: the national government would purchase a controlling 51% share, with ten provincial governments receiving the remaining 49%. Planning Minister Julio de Vido was appointed to head the Federal intervention, replacing CEO Sebastián Eskenazi. Repsol YPF CEO Antonio Brufau, Spanish Prime Minister Mariano Rajoy, and other Spanish officials objected to the nationalisation, accusing the Argentine government of driving down YPF shares ahead of the