International

• Thursday, April 19th 2012 - 20:11 UTC

  France’s Total agrees to further increase natural gas production in Argentina

  

  Argentina's government said on Thursday that it had agreed with France's Total to work together to boost natural gas output by 2 million cubic metres per day at two Patagonian fields where YPF – which is being nationalized – also has a stake.

• Thursday, April 19th 2012 - 19:38 UTC

  World Bank and France criticize Argentina’s “mistake” and international law breach

  

  Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, was strongly criticized by the World Bank president Robert Zoellick and French Foreign Minister Alain Juppé.

• Thursday, April 19th 2012 - 05:18 UTC

  Falklands’ dispute controversy reaches The Washington Post

  

  The Falkland Islands sovereignty dispute has reached the US capital triggering an interesting exchange in the Washington Post, involving the newspaper and the ambassadors from Argentina and the UK.

• Thursday, April 19th 2012 - 05:08 UTC

  YPF nationalization allegedly killed Repsol’s Chinese option to leave Argentina

  

  China's state-owned Petrochemical Corp (Sinopec) spokesman Huang Wensheng came on stage to play down rumours indicating that Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, has spoiled years of planning by Sinopec to buy the energy giant.
  “We don't comment on market rumours,” Wensheng said.

• Wednesday, April 18th 2012 - 22:56 UTC

  EC and Italy call on Argentina to fulfil its international commitments

  

  European Commission Vice President Antonio Tajani addressed Argentina's plan to expropriate 51% of the 57.43% share-package Spanish ran Oil Company Repsol owns, during a speech at the European Parliament on Wednesday. From Rome Italy also voiced its concern with events regarding YPF and trade restrictions.

• Wednesday, April 18th 2012 - 22:49 UTC

  Repsol shares plunge 32.7% in Wall Street after three days of trading suspension

  

  Shares of Argentina’s biggest energy company Repsol-YPF plunged 32.7% on Wednesday in Wall Street after transactions resumed following three days of suspension.

• Wednesday, April 18th 2012 - 18:47 UTC

  HMS Plymouth where the Argentine surrendered South Georgia in 1982, to be scrapped

  

  The Royal Navy warship which hosted the Argentine surrender of South Georgia in 1982 is to be scrapped despite an intensive campaign to save it from extinction, reports the UK media.

• Wednesday, April 18th 2012 - 08:34 UTC

  Brufau said Repsol will demand a compensation of 10 billion dollars

  

  Repsol’s Chairman Antonio Brufau said the Spain-based group will demand to Argentina a compensation of 10 billion dollars after President Cristina Fernández decided to nationalize the energy giant. Likewise, Brufau accused the Argentine government of “having distorted information” on regards the company’s production during Monday’s presentation.

• Wednesday, April 18th 2012 - 08:30 UTC

  Debts and environmental cleanup to subtracted from YPF compensation says Argentina

  

  Argentina accused Spain's Repsol oil company on Tuesday of hiding the true value of its Argentine YPF unit and said a thorough review of its books after seizing control of its offices will affect the compensation paid to its shareholders.

• Wednesday, April 18th 2012 - 08:26 UTC

  Fitch places Repsol on Rating Watch Negative following the YPF takeover operation

  

  Fitch Ratings has placed Repsol YPF, SA's ratings on Rating Watch Negative (RWN) following news that YPF takeover has been set in motion by the Argentine government.