Spain no longer discusses Argentina’s ‘sovereign decision to seek energy sector control”

Wednesday, May 15th 2013 - 07:29 UTC

Full article 13 comments

Spain’s Foreign Affairs Minister José Manuel García Margallo said the Spanish government is no longer “discussing” Argentina’s “sovereign decision to seek energy sectors’ control.” “It could seem to me a mistake, but it is the responsibility” of the Argentine government, García Margallo stated. Read full article

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British_Kirchnerist
Excellent, a victory for Cristina over Repsol that you privatisers thought would never happen =)
May 15th, 2013 - 10:25 am - Link - Report abuse 0
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scottbart
not a victory at all, what else can they do, whats done is done and it leaves Argentina the task of finding funds to explorer and extract, perhaps with the $10 billion they have got off china? Now they are in chinas pocket!
May 15th, 2013 - 11:45 am - Link - Report abuse 0
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British_Kirchnerist
#2 “not a victory at all, what else can they do”

If it wasn't a victory for Cristina, they'd be able to find something to do! Checkmate for the privateers methinks =)
May 15th, 2013 - 12:07 pm - Link - Report abuse 0
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Spainexpat
@3 BK “A victory for Christina over Repsol”

Apart from the $10.5 Billion Argentina owes for the shares and almost zero investment since the takeover. Very little increase in production and imported fuel on the rise.

Doesn't sound like much of a victory....Mr BK Wind-up.
May 15th, 2013 - 12:15 pm - Link - Report abuse 0
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Conqueror
@1, 3 However, in recent news, Repsol's profits, now that it is freed from the argie millstone and the interference of the Kirchner “government” are increasing. And Kirchner still owes Repsol US$10.5 billion. How's that court case going?
May 15th, 2013 - 12:50 pm - Link - Report abuse 0
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Simon68
BK, lets analyze this great “victory” of CFK's:

1) Since renationalization of YPF, gas production has fallen 7% and oil production 3.2%.
2) YPF has emited bonds for the sum of U$S750 million against it's physical assets in Argentina.
3) 16 productive wells in Neuquén and Río Negro have been capped for lack of operating funds.
4) YPF needs U$S 37 billion to carry out the famous “5 year plan” and its only possible investor, “Chevron”, will not put up the money until the Ecuadorian case against them is dropped!!!!!

Some victory, its just about as resounding a defeat as June 14th. 1982!!!!!!
May 15th, 2013 - 02:05 pm - Link - Report abuse 0
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yankeeboy
BK, just because someone stops talking about something doesn't mean they're not doing something of forgotten about it.
In the end Argentina will pay Repsol for stealing the company.
Right after CFK gets her “retirement” party.
May 15th, 2013 - 02:58 pm - Link - Report abuse 0
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briton
Well put it this way,
If any other country steals nationalises or takes over any argentine companies,

CFK will have no complaints will she..
.
May 15th, 2013 - 06:06 pm - Link - Report abuse 0
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Math
A month ago in Veja's site.

http://veja.abril.com.br/blog/ricardo-setti/vasto-mundo/a-falta-que-faz-a-liberdade-de-imprensa-reportagem-critica-de-veja-ao-governo-cristina-kirchner-cai-na-web-e-milhares-de-leitores-argentinos-visitam-o-blog-para-concordar-com-o-que-publicamos/
May 15th, 2013 - 08:46 pm - Link - Report abuse 0
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British_Kirchnerist
#7 “In the end Argentina will pay Repsol for stealing the company.
Right after CFK gets her “retirement” party”

Which is why we should take this “opposition” with a more than a pinch of salt; what real grassroots movement would prioritise paying back Repsol; Cristina stands for dignity for her people against the (thankfully merely hypothetical!) CIA backed thugs you would likle to see murder her (thats what ”retirement party means in your code, isn't it) in the interests of global capital (even where global capital seems to have given up on this one!)
May 15th, 2013 - 10:40 pm - Link - Report abuse 0
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yankeeboy
what real grassroots movement would prioritise paying back Repsol

WTF does that mean?
How about the law?
Repsol would be negligent not to pursue this at ISCID

Gads you are dumb
May 16th, 2013 - 12:05 pm - Link - Report abuse 0
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British_Kirchnerist
#11 What law? All countries have the right to legislate for nationalisation. Next you'll be saying Cristina should swing for breaking US law, just as William Wallace was hanged for treason to England!
May 16th, 2013 - 04:39 pm - Link - Report abuse 0
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briton
worth considering [what].lol.
May 16th, 2013 - 07:27 pm - Link - Report abuse 0
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