Argentine Congress easily approves YPF takeover

Oil   Policy

BUENOS AIRES, Argentina (AP) — Argentina's takeover of its formerly state-owned energy company from Spanish shareholders won easy approval from legislators Thursday night.

Congress' lower house voted 207-32 to give the force of law to what President Cristina Fernandez surprisingly decreed two weeks earlier: the expropriation of the Spanish company Repsol SA's $10.5 billion stake in the YPF oil company, without a single centavo paid in advance.

EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.

If you have questions, please email

To start your free 14-day trial, fill in the form below.