The Spanish government condemned Argentina’s announcement over the expropriation of YPF, calling it a “discriminatory” and “arbitrary” decision, and stated that it will adopt any measures deemed necessary to defend the interests of Repsol and every other Spanish company.
Spain and Argentina formed a working group to resolve their “differences” over YPF, the Argentine oil company majority-owned by Madrid-based Repsol-YPF, Industry Minister Jose Manuel Soria said.