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Argentina takes over YPF from Spanish shareholder

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A flag reading "Fight and Comeback" with the logo of the Argentine oil company YPF is seen at the front of the presidential palace Casa Rosada in Buenos Aires, April 12, 2012. The Argentinean government has seized the country’s biggest oil company, Yacimientos Petroliferos Fiscales (YPF), ousting the Spanish controlling shareholder, Repsol. In the first shareholder meeting since the takeover,... 

Argentineans back president over YPF decision

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A rally has been held to back Argentine president for her decision to expropriate 51 percent stake in energy company YPF from its controlling shareholder, Spain’s Repsol, Press TV reports. Ruling party top officials and lawmakers joined the rally on Friday at Velez soccer stadium in Buenos Aires, where demonstrators waved national flags. “When I announced I was sending this project to the congress,... 

Argentine senate approves bill to nationalize Spanish firm

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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

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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... 
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