Argentina Seize YPF From Repsol As They Look To Control Domestic Oil Sector

Back in 1999 the Spanish conglomerate Repsol SA completed a takeover of the Argentine energy firm YPF to form one of the largest petrochemical companies in the world. Repsol are now promising to use all legal means possible and necessary to win full compensation after Argentina seized YPF in order to run it as a state owned organisation. Repsol chairman Antonio Brufau says that he will demand $10.5 billion after Argentine president Cristina Fernandez de Kirchner deliberately deceived investors, executives, and her own people when she expropriated…

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