EU outraged as Spain’s Repsol ousted from Argentina

EurActiv, and other news sources, reported that Argentine President Cristina Fernández de Kirchner unveiled plans on the 16 April 2012 to seize control of leading energy company YPF, which is controlled by Spain's Repsol, drawing swift warnings from the European Union and risking the country's economic isolation.

European Commission: Speech/12/276: Speech at the European Parliament on Repsol http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/12/276&format=HTML&aged=0&language=EN&guiLanguage=en

EUObserver, 18.4.12: EU gets behind Spain on Argentina oil grab http://euobserver.com/19/115920

http://eeas.europa.eu/argentina/index_en.htm http://eeas.europa.eu/argentina/index_en.htm

BBC News, 17.4.12: YPF oil row with Argentina hits shares in Madrid http://www.bbc.co.uk/news/world-europe-17739204

El País, 16.4.12: Argentina announces expropriation of Repsol oil subsidiary YPF http://elpais.com/elpais/2012/04/16/inenglish/1334595212_305415.html

Deutsche Welle, 16.4.12: Argentina plans to expropriate YPF oil company http://www.dw.de/dw/article/0,,15887152,00.html

EUObserver, 20.4.12: MEPs back YPF-Repsol, despite company violations in Argentina http://euobserver.com/24/115972

El País, 17.4.12: Repsol says seizure is smokescreen to hide Argentina’s problems http://elpais.com/elpais/2012/04/17/inenglish/1334670734_373391.html

EU: EEAS: Press Release, A177/12: Remarks by High Representative Catherine Ashton in the European Parliament on Argentina's decision to expropriate the majority stake held by Repsol in YPF http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/EN/foraff/129568.pdf

---