Argentina Power Report Q3 2012 - New Market Report Now Available
BMI View: The operational risks when investing in Argentina were put under the spotlight in April 2012, when President Cristina Fernandez controversially renationalised YPF, seizing a majority stake from Spain's Repsol. The government claimed that the oil and gas firm had reduced production, was not investing sufficiently in Argentina and was driving the country towards dependence upon expensive energy imports. Repsol has challenged the expropriation in US courts and is seeking compensation of US$10.5bn; Argentina, meanwhile, disputes that the shares...
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