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.

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