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Argentine senate approves bill to nationalize Spanish firm
View of the Senate Plenary Session, while voting on a presidential decree to allow the expropriation of YPF, in the Argentine capital, Buenos Aires, April 26, 2012
Argentina’s senate has endorsed a presidential decree to nationalize Spain-owned oil company YPF amid widespread domestic support for the plan.
At the Wednesday session of the senate, legislators from both the ruling party and the...
Argentina seizes gas company owned by Repsol
A YFP Gas tanker
Argentina has ordered the seizure of YFP Gas, another company controlled by the Spanish firm Repsol, as part of plans to take control of the country’s natural resources and increase production.
“There’s a division (of Repsol) called YPF Gas and that’s what will be expropriated,” Argentine Senator Marcelo Fuentes said on Wednesday.
The move to declare YPF Gas...