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Argentine President Cristina Fernandez Pushes To Nationalize Oil Company YPF

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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Source:
http://www.huffingtonpost.com/2012/04/17/cristina-fernandez-nationalize-oil_n_1430862.html

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