Spain attacks Argentina over nationalisation of oil company YPF. President plans to nationalise the Spanish-owned part of oil company YPF.
BUENOS AIRES (Reuters) - Argentina’s Congress nationalized the country’s biggest oil company, YPF, by an overwhelming lower house vote on Thursday that underscored broad popular support for a measure that threatens to scare off foreign investment. The Chamber of Deputies voted.
For Argentina's Nationalized Oil 'Industry': A Year of Nothing Part of the problem is Repsol's legal suits, supported by the European Union.
Outcome, Nationalization bill approved by Congress and signed on May 5, ; compensation agreement reached on November 27, , for US$5 billion for a 51% stake. Website, dads-space.com President Cristina Fernández de Kirchner of Argentina introduced a bill on April 16, for YPF was founded in as the first oil company in the world to be.
The plan is part of a bill submitted to Argentina's Congress that is widely Mrs. Kirchner has already nationalized Argentine Airlines and.
Argentina's nationalisation actions causes a stir in oil markets . mentions foreign direct investment (FDI) as forming part of the common commercial policy.
Section I provides a chronology of oil and gas industry development A newly- nationalized YPF became a key stakeholder in Argentina's oil and gas sector.
The recently nationalised oil company agrees on a big foreign investment of $ billion in Vaca Muerta as part of its joint venture with YPF.
And it's a fair guess that Argentina's government had an inkling that new rules governing the country's petroleum industry and public shares in.
Argentina's decision to take control of oil firm YPF from Spain's Repsol wins applause at home, but could be a risky strategy, writes BBC.