Argentina to expropriate Repsol oil subsidiary YPF

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Argentina to expropriate Repsol oil subsidiary YPF

BBC – Argentina says it will seize a controlling interest in oil company YPF that is owned by Spanish firm Repsol. President Cristina Fernandez said a bill would be presented to the Senate allowing the government to expropriate 51% of YPF shares. The move, announced on national television, was welcomed by her cabinet and Argentina’s regional governors. Read Article

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