VOICED: Argentina expropiara YPF

Argentina announced the expropriation of YPF, a company majorly owned by Spain's Repsol, transferring 51% to the federal government. Repsol's attempts to negotiate were unsuccessful. President Cristina Kirchner demanded increased investment from YPF to boost declining production, which had led to higher hydrocarbon imports. This decision heightened tensions with Spain, as their foreign minister warned against violations of legal security principles.

What percentage of YPF does the Argentine government plan to acquire?

• 100%

• 75%

• 51%

• 49%

Who was the president of Repsol during the expropriation announcement?

• Antonio Bruffo

• Carlos Menem

• Juan Manuel García Margallo

• Cristina Kirchner

What did the Argentine government demand from YPF to avoid expropriation?

• Higher export rates

• Lower oil prices

• Increased investment

• More employment opportunities

What was the reaction of Spain's foreign minister to the expropriation?

• He warned of legal consequences

• He offered to mediate

• He remained neutral

• He supported the decision

What was the main reason for the increased tensions between Argentina and Spain?

• Tourism issues

• Trade disagreements

• Expropriation of YPF

• Cultural differences