Argentina bashed by Spain, EU for oil takeover

Tue, 04/17/2012 - 11:24 EDT - Yahoo! Business News

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Argentina's President Cristina Fernandez is attempting to quell increasing unrest at home and boost her popularity with an "unlawful" bid to nationalize YPF, the Argentine oil unit of Spanish energy firm Repsol, the company's president claimed Tuesday as the group's shares plunged more than 7 percent.

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Argentina slammed by Spain, EU for oil takeover
Summary Box: Spain knocks Argentina oil takeover
OIL GRAB: Argentina's President Cristina Fernandez is attempting to quell increasing unrest at home and boost her popularity with an "unlawful" bid to nationalize YPF, the Argentine OIL unit of Spanish company Repsol, the company's president claimed Tuesday.
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Argentina's president, Cristina Fernandez, says she is proposing a bill to nationalize the YPF oil company that is controlled by Spain's Repsol.

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