Argentina’s Energy Dilemma
The expropriation of nearly all of Spanish company Repsol’s stake in Argentina’s energy producer YPF, announced in early April by President Cristina Fernández de Kirchner, has raised legal alarms worldwide. But the move will not resolve the country’s energy problems in the absence of enormous inflows of investment to the sector.
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BUENOS AIRES – The expropriation of nearly all of the Spanish company Repsol’s stake in Argentina’s energy producer YPF, announced in a vehement speech by President Cristina Fernández de Kirchner, has raised legal alarms worldwide. In fact, the move will not resolve the country’s energy problems in the absence of enormous inflows of investment to the sector.