Argentine President Cristina Fernandez Pushes To Nationalize Oil Company YPF

Date: 2012-04-17 07:23:39 in Men's Health

BUENOS AIRES, Argentina -- In a bold move to gain control of Argentina's energy reserves, President Cristina Fernandez pushed forward a bill to renationalize the country's largest oil company on Monday despite fierce criticism from abroad and the risk of a major rift with Spain.In a national address, Fernandez said the legislation put to congress would give Argentina a majority stake in oil and gas company YPF by taking control of 51 percent of its shares currently held by Spain's Repsol.Read More... More on Argentina ...

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