There was shock, anger and defiance after Argentine President Cristina Fernandez de Kirchner wrested control of the country’s largest oil and gas producer, YPF, from Spanish giant Repsol-YPF on Monday night. Analysts described the expropriation of over half of YPF’s shares as a “watershed” moment, and questioned the legality, motives and logic behind the move.
Standing in front of an image of Eva Perón, Kirchner said in a national television address that a bill will be shortly presented to the country’s Senate, allowing her government to...
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