Document Type

Article

Publication Date

4-30-2012

Abstract

Argentine President Cristina Fernández de Kirchner on April 16 announced that the government was immediately taking control of the nation's largest oil producer, YPF, and sending legislation to Congress to seize Repsol's 51 percent stake in the company. Fernández's government has complained that YPF under-invested in Argentina and has sent too much oil, and profits, abroad. Spanish Prime Minister Mariano Rajoy blasted Argentina's action, saying it lacked justification and was a 'negative decision for everyone.' Was the government justified in taking over YPF? How will the takeover affect investment in all sectors of Argentina's economy? How will the move affect Argentina's relations with other countries?

Rights

Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.

Language

English

Publisher

Inter-American Dialogue

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