Monday, April 16, 2012

Argentine leader moves to nationalize oil company

Argentine leader moves to nationalize oil companyArgentina's President Cristina Fernandez holds a copy of the Spanish newspaper El Pais at Government House where she announced a bill to nationalize Spain's controlled oil company YPF, in Buenos Aires, Argentina, Monday April 16, 2012. Fernandez said in an address to the country that the measure sent to congress on Monday is aimed at recovering the nation’s sovereignty over its hydrocarbon resources. The newspaper's headline and subhead read in Spanish: Repsol's Argentine springboard; YPF, cost 13.000 million euros, took the Spanish oil company to the height of the crude business and it represents a third of it's profit. (AP Photo/Natacha Pisarenko)
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