Argentine Senate nears approval of YPF takeover

Oil   Policy

BUENOS AIRES, Argentina (AP) — Argentina's Senate is debating whether to approve the forced takeover of the YPF oil company from Spain's Repsol.

The expropriation bill is expected to pass easily. President Cristina Fernandez's allies control the Senate, and even opposition senators are generally saying they'll vote for the takeover even though they don't like the way Fernandez handled it.

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